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Two shirts are bought at the rate of Rs. 400 each. Shopkeeper sells one at the profit of 50% and other at the loss of 50%. What will be the total profit or loss in the whole transaction?1). Loss of Rs. 502). No profit/loss3). Profit of Rs. 254). Loss of Rs. 150 |
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Answer» Total cost PRICE = 2 × 400 = Rs. 800 When he sells a profit of 150%, SELLING price = 400 + 50% of 400 = Rs. 600 When he sells at a loss of 150%, Selling price = 400 – 50% of 400 = Rs. 200 Total selling price = 600 + 200 = Rs. 800 Now, as total selling price and cost price is same so overall there is no profit and no loss |
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