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?
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
