A man sold two steel chairs for Rs. 660 each. On one, he gains 20% and on…
2023
A man sold two steel chairs for Rs. 660 each. On one, he gains 20% and on other, he loses 125. How much does he gain or lose in the whole transaction ?
- A.
2.02% gain
- B.
1.32% loss
- C.
1.53% gain
- D.
2.12% loss
Attempted by 8 students.
Show answer & explanation
Correct answer: B
Note: the phrase "loses 125" in the question is ambiguous. The most natural interpretation is a loss of Rs. 125 (a monetary loss). The following solution uses that interpretation.
Step 1: First chair (20% gain).
Selling price = Rs. 660. Cost price = 660 ÷ 1.20 = Rs. 550.
Step 2: Second chair (loss of Rs. 125).
Selling price = Rs. 660. If the loss is Rs. 125, cost price = 660 + 125 = Rs. 785.
Step 3: Total cost and selling values.
Total cost price = 550 + 785 = Rs. 1335.
Total selling price = 660 + 660 = Rs. 1320.
Step 4: Net result and percentage.
Net loss = Total cost − Total selling = 1335 − 1320 = Rs. 15.
Loss percentage = (15 ÷ 1335) × 100 ≈ 1.1236% ≈ 1.12% loss.
Conclusion: under the natural reading that the second chair has a monetary loss of Rs. 125, the overall result is about 1.12% loss. The provided choices do not exactly match this value, so check the intended wording (there may be a typo such as "loses 12%" or similar).