Started 8 months ago by Jenil Trivedi in XAT, XAT Quantitative Ability and Data Interpretation, Arithmetic
Sasank sold his two cars at the same price. He made 20% profit on one car and 20% loss on the other. If he realised a total of Rs.19.2 lakh from h...
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Sasank sold his two cars at the same price. He made 20% profit on one car and 20% loss on the other. If he realised a total of Rs.19.2 lakh from his sale, then he made an overall
a Profit exceeding Rs. 85,000
b Loss exceeding Rs. 85,000
c Profit below Rs. 85,000
d Loss below Rs. 85,000
e None of these
1 Replies
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@ayush123
Answer- D
Selling price of each car = 19.2/2 = 0.96 lakh rupees
Thus, total cost price cars = (0.96/1.2) + (0.96/0.8) = 0.96(25/12) = Rs. 20 lakh
∴ The overall loss is ((20 − 19.2)/20)×100 = 4
and the loss amount = 4% of Rs. 20 lakh = Rs. 80,000
Hence loss made below Rs. 85,000.