Question

A second hand car and a jeep were sold for rs 1,20,000 each the car was sold at a loss of 20% while the jeep at a gain of 20% wath was the overall gain Or loss

Answer 1

Answer:

Given in question , Total SP of car and jeep = 240000

CP of car = $ 100 × 120000 = $ 150000

80

CP of jeep = $ 100 × 120000 = $ 100000

120

Total CP = 150000 + 100000 = $ 250000

∴ Loss = Total CP - Total SP

∴ Loss = (250000 – 240000) = $ 10000