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