πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      A merchant sold two refrigerators for 10,000 each. On

      one refrigerator, he incurred a 20% loss, and on the other, he gained 20%. What was his profit/loss percentage on the whole transaction?
      A Profit of 4% Correct Answer Incorrect Answer
      B Loss of 2% Correct Answer Incorrect Answer
      C Loss of 4% Correct Answer Incorrect Answer
      D Profit of 2% Correct Answer Incorrect Answer

      Solution

      ATQ,

      SP₁ = 10000 (20% loss) β‡’ CP₁ = 10000/0.8 = 12500 SPβ‚‚ = 10000 (20% gain) β‡’ CPβ‚‚ = 10000/1.2 = 8333β…“ Total CP = 12500 + 8333β…“ = 20833β…“ Total SP = 10000 + 10000 = 20000 Loss = 20833β…“ βˆ’ 20000 = 833β…“ Loss% = (833β…“ Γ· 20833β…“) Γ— 100 = 4% loss

      Practice Next
      ask-question