Question

a second hand car and a jeep were sold for ₹ 120000 each. the car was sold at a loss of 20% while the jeep at a gain of 20%. what was the overall gain or loss?
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Answer 1

The overall loss in the transaction of the second-hand car and jeep was 4%.

Step-by-step explanation:

Required Formula:

• C.P. = [100/(100 ± G or L)] * S.P.

The S.P. of second -hand car and jeep = Rs. 120000 each

∴ Total S.P. of the car and jeep = 120000 * 2 = Rs. 240000

For the car:

Sold at a Loss of = 20%

∴ The C.P. of the car = $\frac{100}{100-20} * 120000 = \frac{100}{80} * 120000$ = Rs. 150000

For the jeep:

Sold at a Gain of = 20%

∴ The C.P. of the jeep = $\frac{100}{100+20} * 120000 = \frac{100}{120} * 120000$ = Rs. 100,000

∴ The total C.P. of the car and jeep = 150000 + 100000 = Rs. 250000

Since the total C.P. is more than the total S.P. of the car and jeep, therefore there will an overall loss in the transaction.

Thus,

The overall loss in the transaction was,

= $\frac{C.P. - S.P.}{C.P.} * 100$

= $\frac{250000 - 240000}{250000} * 100$

= 0.04 * 100

= 4%

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Answer 2

Answer:

ya okay it is nice even I asked the question