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(#M40009428) BOOK question Keep an EYE

A trader sells two steel chairs for Rs.500 each. On one, he claims to have made a profit of 25% and on the other, he says he has lost 20%. How much does he gain or lose in the total transaction.

Asked In Book Vignesh (12 years ago)

Solved Pargat Pal Singh Read Solution (3)

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Pargat Pal Singh  (12 years ago)

CP of first chair = 500/1.25 = Rs 400
CP of second chair = 500/0.8 = 5000/8 = Rs 625

Total cp = Rs 1025.
Total SP = 2*500= 1000
loss = 1025-1000 = Rs 25

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Prashant  (12 years ago)

He gains:
1st chair: S.P1= 125% of C.P
i.e, S.P1 = 125/100 * 500 = 625 Rs.
now,
2nd chair: S.P2 = 80% of C.P
i.e S.P2 = 80/100 * 500 = 400 Rs.

So, Finally S.P of 2 chair; S.P1 + S.P2 = 625+400 = 1025 Rs.

Therefore, Gain = 1025 - (500*2) = 25 Rs. ----- Ans

Is this solution Helpfull? Yes (1) | No   

madhuri  (12 years ago)

first one was sold by 625 and second one by 400 total is 1025>1000 so he made a gain of 25%

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