Question
A shopkeeper sold two products for Rs. 200 each. He earned
a profit of 40% on one and incurred a loss of 30% on the other. Calculate the approximate difference in their cost prices.Solution
ATQ,
Let CP of profit item = x, and loss item = y
x = 200 / 1.4 = 142.86
y = 200 / 0.7 = 285.71
Required difference = 285.71 – 142.86 = Rs. 142.85 or Rs.143
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