Question

A dealer sold two Radios for 8000 each, neither losing nor gaining in the deal. If he sold one radio at a gain of 20%, find the loss or gain per cent in other.

Answer 1

Loss % in other = 14.28% when Two Radios sold for 8000 each and one radio at a gain of 20%

Step-by-step explanation:

A dealer sold two Radios for 8000 each, neither losing nor gaining in the deal

=> cost price of both radios = Selling price of both radios = 16000

Let say Cost Price of one Radio = C

Gain 20 %  = (20/100) C = 0.2C

Selling Price = 1.2C

=> 1.2C = 8000

=> C = 8000/1.2

Cost Price of other Radio = 16000 - 8000/1.2 = 11200/1.2

Selling Price of another  Radio = 8000

Loss =  11200/1.2 - 8000 = 1600/1.2

Loss % =  100 *(1600/1.2)/ (11200/1.2)

= 14.28 %

Loss % in other = 14.28%