A dealer sold 2 TV sets for Rs.2400 each and earns 20% profit on 1st article and 20% loss on 2nd article. Find his total profit or loss.
Answer & explanation
Correct answer: option 3
CP1 = 2400 × \(\frac{100}{120}\) = 2000
CP2 = 2400 × \(\frac{100}{80}\) = 3000
Total CP = 5000 (3000+2000)
Total SP = 4800
Loss = 5000 - 4800 = Rs. 200