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    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.
    A Rs.102 Correct Answer Incorrect Answer
    B Rs.125 Correct Answer Incorrect Answer
    C Rs.143 Correct Answer Incorrect Answer
    D Rs.188 Correct Answer Incorrect Answer

    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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