Question

A man sells a hand setcfor ₹5600 and incurs a loss of 20%. He sells a second set at a profit oF 50% .If on the whole he neither gains or looses, find the cost price of the second handset.

Answer 1

loss on first hand set = profit of second hand set

Answer 2

Find the amount of the 20% loss on the first set:

Loss = 20%

Selling Price = 100 - 20 = 80%

Selling Price =  ₹5600

80% =  ₹5600

1% = 5600 ÷ 80 =  ₹70

20% = 70 x 20 =  ₹1400

Find the cost price of the second set:

50% of the profit = 20% of the loss of the first set

50% of the profit =  ₹1400

100% = 140 x 2 =  ₹2800

Answer: The cost price of the second set is ₹2800