Question

Two vehicles are sold for Rs.1897
each. One is sold at a profit of 30%
and another at a loss of 30%. What is
the net profit/loss%?​

Answer 1

Given:

One vehicle is sold at a profit of 30%  and another at a loss of 30%.

To find:

The net profit or loss %

Solution:

The selling price of each vehicle is ₹1897

So the ratio of the selling price in both the cases must be the same.

On First vehicle there is a profit of 30% which is 3/10 and on the second article there is a loss of 30% which is again 3/10

So,

CP₁ = 10                               CP₂ = 10

P₁ = 3                                      L₂ = 3

SP₁ = 10+3 = 13                    SP₂ = 10-3 = 7

But according to the question the Selling price of both the items must be the same.

CP₁ = 70                               CP₂ = 130                

P₁ = 21                                      L₂ = -39

SP₁ = 91                                 SP₂ = 91

so,

There will be the net loss which is

Loss = -39 + 21 = -18

Total Cost price of the both vehicle is:

CP = 130+70 = 200

• Loss% = Loss×100/CP
• Loss% = 18×100/200
• Loss% = 9%

There will be net loss of 9%.