Question

shopkeeper bought two computers for 20000 each and sold one at profit of 20% and second at a loss of 20% find gain or loss on whole​

Answer 1

Answer:

Step-by-step explanation:

CASE 1: 20% gain

Cost Price of one computer = ₹ 20000/-

Gain = 20%

Selling price of computer = cost price + gain

                                           = ₹ 20000 + 20% of 20000

                                           = ₹24000

CASE 2: 20% loss

Cost price of computer = ₹ 20000/-

Loss = 20%

Selling price = Cost price - loss

                    = ₹ 20000 - 20% of 20000

                    = ₹ 20000 - 4000

                    = ₹ 16000/-

TOTAL COST PRICE = ₹ 20000/- + ₹20000/- = ₹ 40000/-

TOTAL SELLING PRICE = ₹ 24000/- + ₹ 16000/- = ₹40000/-

Since both cost price and selling price are equal, there is no profit nor loss in the whole transaction.

Answer 2

Answer:

No Gain , No loss

Step-by-step explanation:

shopkeeper bought two computers for 20000 each

Total Cost Price = 20000 + 20000 = Rs 40000

Cost Price of one = Rs 20000

Sold one at Profit of 20 %

Profit = (20/100) * 20000 = Rs 4000

Selling Price = 20000 + 4000 Rs 24000

Sold one at loss of 20%

Loss = (20/100) * 20000 = Rs 4000

Selling Price = 20000 - 4000 = Rs 16000

Total Selling Price = 24000  + 16000 = Rs 40000

Selling Price = Cost Price

Profit & loss amount are same

so There is neither gain nor loss on whole transaction