Kritika bought 26 i-pads and i-phones for Rs.205000. She sold 80% of the ipads & 12 i-phones for a profit of Rs.40000. Each i-pads was marked up by 20% over cost & each i-phone was sold at profit of Rs.2000. The remaining i-pads and 3 i-phones could not be sold. What is kritika's overall profit /loss
A. 500 Profit
B. 1000 Profit
C. 1500 Profit
D. No Profit No Loss
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Total number of i-phones = 15
Total number of i-pads = 25 – 15 = 10
Total CP = Rs. 205000
Since, Kritika sells 80% of both goods at a profit of Rs. 40000,
therefore, cost of 80% of the goods
= 0.8 × 205000 = Rs. 164000
Total amount recovered (or SP)
= Rs. (164000 + 40000) = Rs. 204000
Hence, loss = Rs. (205000 – 204000) = Rs. 1000
Hence, Kritika's overall loss is Rs. 1000
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