Question

A shopkeeper sells a pen set at 20% profit to another shopkeeper Who sells it at a loss of 20% if price of a pencil was Rs 112what is net profit or loss on total transaction

Answer 1

profit of 1st shopkeeper = 112×20/100
= ₹12.4
total transaction = 112+12.4
= ₹124.4
loss of 2nd shopkeeper = 112×20/100
= ₹12.4
total transaction = 112-12.4
=99.6