Question

A used car dealer sold two cars for rs.4.5lakh each.he incurred a loss of 20%on one while on other, he made a profit of 20%.find his net profit or loss percent

Answer 1

Answer:

On selling car on profit % and loss % , There is net 4% loss.

Step-by-step explanation:

Given as :

The selling price of two cars = 4.5 lakh each

The loss % on one = 20%

The profit % on other = 20%

Let The net profit % of loss % = x

According to question

x = loss % on one +  profit % on other + $\dfrac{loss percentage on one\times profit percentage on other}{100}$

or, x = - 20 % + 20 % - $\dfrac{20\times 20}{100}$

or, x = 0 - $\dfrac{400}{100}$

∴  x = 4 % loss

Hence, on selling car on profit % and loss % , There is net 4% loss. Answer