Question

A shopkeeper sells a pen set at 20% profit to another shopkeeper who sell it at loss of 20%. If the price of pen was 112 what is net profit or loss on total transaction

Answer 1

100 is the absolutely right answer

Answer 2

Answer: The net loss is Rs.4.48.

Step-by-step explanation:

Cost price of pen(C.P)= Rs.112

Profit %= 20

As profit is always calculated on the C.P so profit(P)=( 20/100)*112 = Rs.22.4

So the selling price ( S.P ) will be = C.P + P

= Rs.112+22.4 = Rs.134.4

Now, C.P for the second shopkeeper= Rs.134.4

Loss%= 20

So, in the same way as above,

Loss(L)= Rs.26.88

So, S.P for second shopkeeper

= Rs. 134.4 - 26.88= Rs.107.52

As the final selling price is less than the initial cost price, there was a loss.

Net loss= Rs.112-107.52= Rs.4.48