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Profit and Loss Practice Test 4
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© examsnet.com
Question : 23
Total: 40
A man sells two chairs at Rs 120 each and by doing so, gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs is:
20
16
25
30
Validate
Solution:
S
P
%
C
P
120
G
a
i
n
25
%
x
120
L
o
s
s
25
%
x
SP = CP + 25% of CP (gain)
120
=
x
+
25
100
×
x
=
5
4
x
x
=
120
×
4
5
=
96
SP = CP - 25% of CP (loss)
120
=
x
−
25
100
×
x
=
3
4
x
x
=
120
×
4
3
=
160
Total cost price = 160 + 96 = Rs 256
Total sale price = 120 + 120 = Rs 240
Loss on whole = 256 - 240 = Rs 16
© examsnet.com
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