A vender sold two things at same cost of 12 rs with one item at 25%profit and other at 20%loss,by this transaction he made profit or loss by how much?
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Answer:
Step-by-step explanation:
First item
Let Cp be x
x/SP=100/100+P%
x/12=100/100+25
125x=1200
x=₹9.7
Thus C.P. of first item is 9.7
Second item
Let Cp be x
x/SP=100/100-L%
x/12=100/100-20
80x=1200
x=₹15
Cp 1 + Cp 2 >Sp +Sp
9.7+15>12+12
24.7>24
So it is case of loss
Loss=0.7
0.7/24.7*100=loss percentage
2.8% is answer
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