Question

A man purchased two articles for rs. 10000 each. On selling first, he gains 20% and on the other, he loses 20%. What is profit/loss in the transaction

Answer 1

Answer:

Neither profit nor loss in the transaction.

Step-by-step explanation:

Given that-

A man purchased two article for 10,000 Rs per article.

First condition:-

He sold a article at profit 20%

We have-

C.P = 10,000 Rs

Profit% = 20%

We know that-

$Profit \ percent = \dfrac{Profit}{C.P} \times 100$

$20 = \dfrac{profit}{10000} \times 100$

$Profit = \dfrac{20 \times10000}{100}$

Profit = 2,000 Rs

Second condition:-

He sold articles at 20% loss

We have-

C.P = 10,000 Rs

Loss = 20%

We know that-

$Loss \ percent = \dfrac{loss}{C.P} \times 100$

$20 = \frac{Loss}{10000} \times100$

$20 \times 10000 = Loss \times 100$

$Loss = \dfrac{20 \times 10000}{100}$

Loss = 2,000 Rs

From both conditions their is neither profit nor loss in the transaction.