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Profit and Loss
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x sells two articles for Rs. 4000 each with no loss and no gain in the transaction. If one was sold at a gain of 25% the other is sold at a loss of = ?

Answer & Solution
Correct Answer: Option C
Total SP = Rs. 8000 and Total CP = Rs. 8000
SP of 1st articles = Rs. 4000
Gain on it = 25%
∴ CP of 1st articles $$ = {\text{Rs}}{\text{.}}\,\left( {\frac{{100}}{{125}} \times 4000} \right) = {\text{Rs}}{\text{.}}\,3200$$
∴ CP of 2nd articles = Rs. (8000 - 3200) = Rs. 4800
SP of 2nd articles = Rs. 4000
∴ Loss on 2nd articles
$$\eqalign{ & = \left( {\frac{{800}}{{4800}} \times 100} \right)\% \cr & = 16\frac{2}{3}\% \cr} $$
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