My friend collects antique stamps. She purchased two, but found that she needed to raise money urgently. So she sold them for Rs. 8000 each. On one she made 20% and on the other she lost 20%. How much did she gain or lose in the entire transaction?
Answers
Thank you for asking this question. The options for this question are missing. here are the missing options:
A) No loss/profit
B) Rs.667 loss
C) Rs.667 profit
D) Rs.658 profit
Answer:
= 8000120×100
=800012 = 200003
= Rs.6666.66
The stamp sold at a loss of 20%
= 80000.8 = 10000
Total SP = 6666.66 + 10000
= Rs.16666.66
so the Total SP would be Rs.16000 ( 2×8000)
and the loss would be Rs.667 (16666.66 - 16000)
If there is any confusion please leave a comment below.
Answer:
let the cost of one stamp= x
she sold one for 20%profit
so the cost price of one stamp which is sold for 20% profit= x+ x* (20/100)
8000=6x/5
x=6666.66
let another stamp which is sold for 20% loss is y
8000=y-y*(20/100)
= 4y/5
y=10000
then the cost price of 2 stamps is x+y
x+y= 10000+6666.66
=16666.66
the total selling price of 2 stamps is 8000+8000=16000
the loss= selling price-cost price
= 16000-16666.6
= - 666.66
= 666.66 she losses