A dealer sold 2 TV sets for Rs.360 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 1
CP1 = 360 × \(\frac{100}{120}\) = 300
CP2 = 360 × \(\frac{100}{80}\) = 450
Total CP = 750 (300+450)
Total SP = 720
Loss = 750 - 720 = Rs.30