A car dealer sold two cars for rs 45,000 each. one yielded him 25 percent profit on outlay. on the other he lost 25 percent. the profit/loss incurred by the dealer in rupees is
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1% loss will be the answer
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Answer:
Overall loss = Rs. 2250
Step-by-step explanation:
A dealer sold one car at a profit of 25%
Purchase price for that car, let's say P1 : 45,000 = P × 1.25
⇒ P1 = 36,000
Profit = Selling price − Purchase price
= 45,000 − 36,000
= Rs. 9,000
A dealer sold another car at a loss of 20%
Purchase price for that car, let's say P2, again for $45,000
P2 × 0.8 = 45,000
⇒ P2 = 56250
Loss = Purchase price − Selling price
= 56,250 − 45,000 = Rs. 11250
Overall loss : 11250 - 9,000
= Rs. 2250
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