Selling price of two articles is Rs. 4000 each. First article sold at profit of 25% and second article some % loss. Find loss% on second article, if there is neither loss nor gain
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Answer:
Step-by-step explanation:
C.P. of two horses = Rs. 8000
S.P. of one horse = Rs. 4000
Gain = 25%
∴ C.P. of this horse = Rs (100/125) x 4000 = Rs.3200
C.P. of another horse = Rs. (8000 - 3200) = Rs. 4800
S.P. of this horse = Rs. 4000
∴ Loss% = (800/4800) x 100 % = 162/3%
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