Question : A television and a refrigerator were sold for Rs. 12,000 each. If the television was sold at a loss of 20% of the cost and the refrigerator at a gain of 20% of the cost, the entire transaction resulted in:
Option 1: no loss or gain
Option 2: loss of Rs. 1000
Option 3: gain of Rs. 1,000
Option 4: loss of Rs. 2,000
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: loss of Rs. 1000
Solution : Let the cost price of the television be $x$ and the cost price of the refrigerator be $y$. Given that the television was sold at a loss of 20% of the cost. $⇒12000 = x - 0.20x = 0.80x$ $⇒x = \frac{12000}{0.80} = 15,000$ Given that the refrigerator was sold at a gain of 20% of the cost. $⇒12000 = y + 0.20y= 1.20y$ $⇒y = \frac{12000}{1.20} = 10,000$ The total cost price = Rs. 15,000 + Rs. 10,000 = Rs. 25,000 The total selling price = Rs. 12,000 + Rs. 12,000 = Rs. 24,000 The entire transaction resulted in a loss = Rs. 25,000 – Rs. 24,000 = Rs. 1,000 Hence, the correct answer is ' loss of Rs. 1,000'.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : A dealer sold two types of goods for Rs. 10000 each. On one of them, he lost 20% and on the other, he gained 20%. His gain or loss per cent in the entire transaction was:
Question : Two items A and B are sold at a profit of 10% and 15%, respectively. If the amount of profit received is the same, then the cost price of A and B may be:
Question : A man sold an article at a gain of 5%. Had he sold it for Rs. 240 more, he would have gained 8%. The cost price of the article is:
Question : A trader bought 640 kg of rice. He sold a part of the rice at a 20% profit and the rest at a 5% loss. He earned a profit of 15% in the entire transaction. What is the ratio of the quantity of rice that he sold at a loss of 5% to that of the quantity that he sold at a profit of
Question : Mr. Kapur purchased two toy cycles for Rs. 750 each. He sold these cycles gaining 6% on one and losing 4% on the other. The gain or loss per cent in the whole transaction is:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile