ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. , If SP of each article be Rs. 200, what is the amount of loss?

Q: ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. , If SP of each article be Rs. 200, what is the amount of loss?

Loss % = ( common gain or loss / 10 )2 % = (20 / 10)2 % = 4% Now assume total CP of both articles be x, then SP = 0.96x = 400 x = 400 / 0.96 = CP loss = 4% of CP = (4 / 100) X (400 / 0.96) = Rs. 16.66

Rs. 10
Rs. 16
Rs. 16.66
none of these

Correct Answer: Rs. 16.66

Explanation:

Loss % = ( common gain or loss / 10 )² %
= (20 / 10)² %
= 4%
Now assume total CP of both articles be x, then SP = 0.96x = 400
x = 400 / 0.96 = CP
loss = 4% of CP
= (4 / 100) X (400 / 0.96) = Rs. 16.66

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