Question

My friend collects antique stamps. She purchased two, but found that she needed to raise money urgently. So she sold them for rs. 800 each. On one she made 20% and on the other she lost 20%. How much did she gain or lose in the entire transaction?

Answer 1

According to question, CP of stamp sold at a profit of 20% 

= 800/120×100
=8000/12
=2000/3
= Rs.666.66 

CP of stamp sold at a loss of 20%
= 800/0.8
=1000

Total CP = 666.66 + 1000
= Rs.1666.66 

Total SP = 2×800
 = Rs.1600

Loss = 1666.66 - 1600
= Rs.667