Last year Mr. A bought two paintings. This year he sold them for Rs. 20000 each. On one, he made a 25% profit and of the other he had a 25% loss. Then his net profit or loss is = ?
A. He lost more than Rs. 2000
B. He lost less than Rs. 2000
C. He earned more than Rs. 2000
D. He earned less than Rs. 2000
Answer: Option A
Solution (By Examveda Team)
$$25\% = \frac{1}{4}$$| Cost Price | Selling Price | Profit/Loss | |
| I | 4x3 | 5x3 | 3 |
| II | 4x5 | 3x5 | -5 |
[ Selling price are same ]
Selling price = 15 units, (Profit / Loss)
= 3 - 5 = -2 units (loss)
∴ 15 unit = 20000 (Selling price)
$$\eqalign{ & 1{\text{ unit}} = \frac{{20000}}{{15}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1333.33 \cr} $$
Loss = 2 units = 1333.33 × 2 = 2666.66
So, loss more than Rs. 2000
This Question Belongs to Arithmetic Ability >> Profit And Loss
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