Question

pràmod bought two bags of rice , each for rs.400 .he sold one bag at10% profit and other at 10%loss.find the overall profit or loss in this transaction

Answer 1

Purchase price of one bag of rice is rupees 400
Price of 2 bags of rice is 800
Profit on one bag of rice is 10%
10%of 400 is 10/100*400
=Rupees 40 profit
Rupees 440 .... Earnings after profit

Loss of 10%
10%of 400
10/100×400
Rupees 40 loss
Rupees 360 ....... earnings after loss

360+440 = 800
There is no profit and no loss in overall transaction