A man sells two chairs at Rs. 120 each and by doing so he gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs. is = ?
A. 20
B. 16
C. 25
D. 30
Answer: Option B
Solution(By Examveda Team)
$$\eqalign{ & {\text{C}}{\text{.P}}{\text{.}}\,{\text{of first chair}} \cr & = \frac{{100}}{{125}} \times 120 = {\text{Rs}}{\text{.}}\,96 \cr & {\text{C}}{\text{.P}}{\text{.}}\,\,{\text{of}}\,{\text{second}}\,{\text{chair}} \cr & = \frac{{100}}{{75}} \times 120 = {\text{Rs}}{\text{.}}\,160 \cr & \therefore {\text{Loss}} = 160 + 96 - 240 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,16 \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
Join The Discussion