Ramesh bought 2 boxes for Rs. 1300. He sold one box at a profit of 20% and the other at a loss of 12%. If the selling price of both the boxes is the same. Find the cost of each box.

Ramesh bought 2 boxes for Rs. 1300. He sold one box at a profit of 20%

1.	Ramesh bought 2 boxes for Rs. 1300. He sold one box at a profit of 20% and the other at a loss of 12%. If the selling price of both the boxes is the same. Find the cost of each box.
Answer» The cost price of the first box and the second box where the 2 boxes are bought for Rs.1300, the first one sold at a profit of 20% and the other at a loss of 12% with theirselling price to be the same areRs 550 and Rs 750 respectively A profit or loss is the difference between the cost price and the selling price. If the cost price is more than the selling price, then the transaction results in a loss, whereas if the selling price is more than the cost price then the transaction results in a profit.