Practicing Success
Two articles were sold of ₹2400 each by a shopkeeper. The shopkeeper incurred no profit and no loss on the whole transaction. If one of the two articles sold at a profit of 20%, then what was the loss incurred on the other article? |
₹600 ₹400 ₹380 ₹240 |
₹400 |
Total selling price = 4800 So, the total cost price of the two articles is also Rs. 4800 due to no loss and no gain Now, according to question x × 120% = 2400 100 % of x = 2000 So, 2000 + y = 4800 y = 2800 Now, the loss occurred on second article = 2800 – 2400 = 400 |