📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    A trader sells two chains for Rs. 4100 each, neither

    losing nor gaining in all. If he sold one of the chains at a gain of 25%, the other was sold at a loss of
    A 14.28% Correct Answer Incorrect Answer
    B 16.67% Correct Answer Incorrect Answer
    C 9.67% Correct Answer Incorrect Answer
    D 8.33% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Total selling price of two chains = 4100 + 4100 = Rs. 8200 Cost price of the first chain = 4100 * 100/125 = Rs. 3280 According to the question, there is no profit no loss. Cost price of the second chain = 8200 – 3280 = Rs. 4920 Loss = 4920 – 4100 = Rs. 820 Required % loss = 820 * 100/4920= 16.67%

    Practice Next
    More Profit and loss Questions

    Relevant for Exams:

    ask-question