Not sure about the answer

Started 3 weeks ago by Ansh Lal in

cars are bought for a combined price of ₹50,00,000/- and then sold. One 2 of the cars is sold at 1/5th profit whereas the other is sold at 1/5th loss. What is the overall profit/loss percentage if both are sold for the same price? a) Loss of 4% b) Profit of 4% c) LOSS of 2% d) Profit of 2% e) None of these

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4 Replies

  • Replied 1 year ago

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    Finance (6).jpeg 334.69 KBHi AnshPlease find the solution attached in the imageDo let me know if you have any confusionThanks

  • Replied 11 months ago

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    I have a confusion In the last line of the question It's written if both cars are sold at the same price.

  • Replied 11 months ago

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    Right, I equated their SPs only1.2x = 0.8(5000000 -x)

  • Replied 3 weeks ago

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    Not sure about the answer cars are bought for a combined price of ₹50,00,000/- and then sold. One 2 of the cars is sold at 1/5th profit whereas the other is sold at 1/5th loss. What is the overall profit/loss percentage if both are sold for the same price? a) Loss of 4% b) Profit of 4% c) LOSS of 2% d) Profit of 2% e) None of these