A shopkeeper sells a pen set at 20% profit to another shopkeeper who sells it at a loss of 20% . If price of pen set was Rs. 112,what is net profit or loss
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Answer:
₹3.52
Step-by-step explanation:
Price of the pen ₹112
Sale price of the first shopkeeper
112×(11+20)/100
112×120/100
=144.40
Sale price of the first shopkeeper=Cost price of the second shopkeeper.
Sale price of the second shopkeeper=
144.4×(100-20)/100
144.4×80/100
=₹115.52
Net profit=
115.52-112=
₹3.52
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