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Profit and Loss Practice Test 2
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© examsnet.com
Question : 4
Total: 40
Mr Grover bought two almirah’s, one for Rs 16,000 and the other for Rs 4,000. If he sold the expensive almirah at 10% loss and cheaper one at 40% profit, what is his net profit or loss per cent?
10 %
12
1
3
%
14.28 %
2 %
None of these
Validate
Solution:
CP of expensive almirah = 16,000
SP of expensive almirah = 16,000 - 1,600 = 14,400
CP of cheaper almirah = Rs 4,000
SP of cheaper almirah = 4,000 + 1,600 = 5,600
Total CP = 16,000 + 4,000 = Rs 20,000
Total SP = 14,400 + 5,600 = Rs 20,000
Hence, there is neither profit nor loss.
© examsnet.com
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