Ashok sold two times for ₹600 each . There by gaining 20% on one book and losing 20% on the other book . Among the following , the correct statement is
OPTION A - His over all loss is 4%
OPTION B - His over all gain is 4%
OPTION C - He gets neither profit nor loss
OPTION D - None of these
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8th
Maths
Comparing Quantities
Prices Related to Buying and Selling
Naresh sold two books for R...
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Asked on December 20, 2019 by
Krishma Hojaisa
Naresh sold two books for Rs. 600 each, thereby gaining 20% on one book and losing 20% on the other book. Find his overall loss or gain percent.
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ANSWER
Naresh sold two books for Rs 600.
→ selling price of the book = 600
profit = 20%
→ cost price =
(100+profit)
100×S.P
=
100+20
100×600
=500Rs
→ selling price of the second book = 600
loss = 20 %
→ cost price =
100−loss
100×S.P
=
100−20
100×600
=750Rs
→ total cost price of two books = 500+750
=1250Rs.
→ total selling price of two books = 600+600
= 1200 Rs
→ here, selling price is less than cost price so
loss.
Loss = C.P. - S.P.
= 1250-1200
= 50 Rs.
→ loss percentage =
C.P
Loss
×100=
1250
50
×100
=4%
solution
Answer:
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