Ajay sold two mobiles for Rs 9600 each. At one mobile, he gained 20% and on…
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Ajay sold two mobiles for Rs 9600 each. At one mobile, he gained 20% and on other, he lost 20%. Find his gain or loss in a transaction ?
- A.
loss 4%
- B.
neither loss or gain
- C.
gain 2%
- D.
loss 8%
Attempted by 38 students.
Show answer & explanation
Correct answer: A
Answer: Loss 4%
Find the cost price of the mobile sold at Rs 9600 with 20% gain: CP = 9600 ÷ 1.2 = Rs 8000.
Find the cost price of the mobile sold at Rs 9600 with 20% loss: CP = 9600 ÷ 0.8 = Rs 12000.
Total cost price = 8000 + 12000 = Rs 20000.
Total selling price = 9600 + 9600 = Rs 19200.
Loss = 20000 − 19200 = Rs 800. Percentage loss = (800/20000) × 100 = 4%.
Therefore, the overall transaction results in a 4% loss.