Rupa buys two mobile sets for 22,000. She sells one mobile set at 12% gain and the other at 10% loss. If she neither gains nor loses in the whole transaction, find the cost of each mobile set.
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MOBILE ‘A’ SALES PRICE = 2400. PROFIT = 20% COST = 2400/1.2 = 2000.
MOBILE ‘B’ SALES PRICE = 2400. LOSS = 20% COST = 2400/0.8=3000.
TOTAL COST = 2000+3000=5000. TOTAL SALES = 2*2400=4800
NET LOSS = COST-SALES=5000–4800=200;
NET LOSS = 200.
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