Question

A person sold 2 watches each for rupees 240. by selling 1 watch he makes a profit of 20% and by selling another watch he incurred a loss of 20%. what is his overall profit percent and loss percent? ​

Answer 1

Answer:

Total loss = 20

Step-by-step explanation:

SP = 240/-

in percentage

CP + Profit = SP (240)

100% + 20% = 120%

( assuming 20% profit is on cost price)

hence, SP = 120% = 240

so Profit= 20*240/120=40

Profit =40

Lets calculate loss on clock on which loss was 20%

The Selling Price is 240

in percentage terms

CP - Loss = SP (240)

100% - 20% = 80% ( assuming 20% loss is on cost price)

hence, SP = 80% = 240

so Loss = 20*240/80 =60

Loss = 60

Hence, Total Profit or Loss = Profit of 40 minus Loss of 60

Total Loss = 20