A man sold two books at Rs. 24 each, on one he got a profit of 20% and on other, he lost 20% . On the whole, he?

loss Rs. 1
gained Rs. 1
lost Rs. 2
gained Rs. 2

Correct Answer: lost Rs. 2

Explanation:

SP of first book = Rs. 24, gain = 20%
CP of first book = (100/120) x 24 = Rs. 20
SP of second book = Rs. 24, loss = 20%
CP of second book = (100/80) x 24 = Rs. 30
Total CP = (20 + 30) = 50
Total SP = (24 x 2) = Rs. 48
Loss = (50 - 48) = Rs. 2
So, on the whole, there is a loss of Rs. 2

← Previous Question Next Question→

More Questions from Profit and Loss

A man purchases two clocks A and B at a total cost of Rs. 650. He sells A with 20% profit and B at a loss of 25% and gets the same selling price for both the clocks. What are the purchasing price of A and B, respectively?
A property dealer sells a house for Rs. 630000 and in the bargain makes a profit of 5% . Had he sold it for Rs. 500000, then what percentage of loss or gain he would have made?
If a person makes a profit of 10% on 1/4 th of the quantity sold and a loss of 20% on the rest, then what is his average percent profit or loss?
A man sells 16 mangoes at a cost price of 20 mangoes, then percentage of his gain is?
If the cost price of 12 pencils is equal to sale price of 10 pencils, then find the gain or loss as a percentage of the sell price?
Ram bought 800 eggs at Rs. 3.75 each per dozen. He sold 450 of them at 2 for Rs. 1 and remaining at 5 for Rs. 2. His gain % is?
A man buys two hens for Rs. 500 each. He sod one for 15% profit and other for 5% loss. Find his profit percentage?
A person purchases 100 pens at a discount of 10% . The net amount of money spent by the person to purchase the pens is ₹ 600. The selling expenses incurred by the person are 15% on the net cost price. What should be the selling price for 100 pens in order to earn a profit of 25%?
If 7 kg of tea of price ₹ 72 per kg is blended with 33 kg of tea of ₹ 87 per kg and 35 kg of ₹ 85 per kg and the mixture is sold at 15% profit, then what is the selling price of the mixture?
A person bought two articles for ₹ 1500 and ₹ 1000 respectively one he sold at a gain of 20%. At what price should he sell the other to get a profit of 16% on the whole transaction?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion