Question

A man sold two items for 6000 each. Then he gets no profit no loss on overall transaction. He gets 20% profit on one item. Find the loss percentage on 2nd item?​

Answer 1

Step-by-step explanation:

⇒ Total selling price = Rs.3000+Rs.3000=Rs.6000.

⇒ Cost price of the first article =

120

3000×100

=Rs.2500

⇒ Cost price of the second article =

80

3000×100

=Rs.3750.

⇒ Total cost price = 2500+3750=Rs.6250

⇒ Loss = Total Cost price - Total selling price = Rs.6250−Rs.6000=Rs.250

⇒ Loss percentage =

6250

250

×100=4%