Difficulty: Medium
Correct Answer: None of the above
Explanation:
Introduction:
Selling two items at the same price with unequal gain and loss generally yields a net loss when the loss percentage exceeds the gain percentage. Compute exact CPs and compare with total SP.
Given Data / Assumptions:
Concept / Approach:
Find CP1 and CP2 using SP = (1 ± rate)*CP, then compare total SP and total CP.
Step-by-Step Solution:
For 10% gain: 9900 = 1.10 * CP1 ⇒ CP1 = 9000For 20% loss: 9900 = 0.80 * CP2 ⇒ CP2 = 12375Total CP = 9000 + 12375 = 21375Total SP = 9900 + 9900 = 19800Net result = 19800 − 21375 = −1575 (loss of Rs 1575)
Verification / Alternative check:
Percentage analysis confirms that a 20% loss outweighs a 10% gain when prices are equalized.
Why Other Options Are Wrong:
He gained Rs. 200 / lost Rs 200 / neither: All contradict the computed loss of Rs 1575.
Common Pitfalls:
Assuming gains and losses cancel because selling prices are equal; ignoring the CP base effect.
Final Answer:
None of the above
Discussion & Comments