Question 71

Two articles are sold for ₹9,720 each. On one,the seller gains 8% and on theother, he loses 10%. What is his overall gain or loss?

Solution

According to the question,

CP of first article = $$9720\times\ \frac{100}{108}=9000$$

CP of 2nd article = $$9720\times\ \frac{100}{90}=10800$$

Total CP = 9000+10800 = 19800

Total SP = 9720+9720=19440

There will be loss because CP is greater than SP

19800-19440 = 360 loss.

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