Solve this multiple-choice question and choose the correct option.

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?

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 = CPloss = 4% of CP = (4 / 100) X (400 / 0.96) = Rs. 16.66

More Questions from Profit and Loss

Two-stage resale chain in retail: a wholesaler sells toys to a retailer at a 20% profit on the wholesaler's cost, and the retailer then sells these toys to customers at a 25% profit on the retailer's own cost. Determine the retailer's profit percentage (with respect to the retailer's cost), independent of the wholesaler's margin.
Short-supply pricing at a fuel outlet: the operator gives 5% less petrol by volume but charges at the listed cost price per litre. Compute his effective profit percentage due to short delivery.
A buyer saves Rs 25 due to a 6.66% (i.e., 6 2/3% = 1/15) discount on a textbook. Determine the amount of money (in Rs) actually paid after discount.
Scooter pricing comparison: list price Rs 28,000. Dealer A offers a flat 10% discount; Dealer B offers 12% on the first Rs 20,000 and 8% on the remaining Rs 8,000. Find the difference between their selling prices.
Two-article sale: one sold at 10% loss and the other at 15% profit. Overall there is no profit or loss. If the combined selling price is Rs 30,000, find the difference between their cost prices.
Milk adulteration and pricing: a seller buys pure milk at Rs x per litre, mixes 2 L of water with every 6 L of milk (total 8 L), and sells the mixture at Rs 2x per litre. Compute the profit percentage on cost.
An article was earlier sold at a 40% profit over cost. Later it is sold at a 20% discount on that earlier selling price. Determine the new overall profit percentage on cost.
Price-tag versus transaction rates: the CP:MP ratio is 2:3. The ratio of profit percentage to discount percentage is 3:2. Assuming the same selling price links both expressions, find the discount percentage.
A trader sells sugar at Rs 400 for 20 kg (i.e., Rs 20 per kg). A customer negotiates 20% price discount, but the trader short-weighs by 4% per kg delivered. What is the customer’s effective discount percentage versus the original list price per actual kg?
Fuel adulteration: a trader mixes “25% kerosene to petrol” and sells the mixture at the price of petrol. If kerosene costs 50% of petrol, find the net profit percentage (assume “25% to petrol” means kerosene equals 25% of petrol volume; i.e., 1 part kerosene mixed with 4 parts petrol → kerosene is 20% of the final mixture).

Discussion & Comments

No comments yet. Be the first to comment!