Question 66

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?

Solution

let cp = 100

selling price = 2400

Profit of 1st article = $$\frac{20}{100}\times20$$

= 20

sp = cp + profit

= 100 + 20 = 120

which is equal to 2400

2400 = 120

120 = 240

1 = 20

so cp = $$100\times 20 = 2000$$

so profit is Rs 400

For no loss and profit case

Loss should be Rs. 400 on the another article.

Create a FREE account and get: