Defence Exam > Defence Questions > Two horses sold at 1200/-each. First one on a...
Start Learning for Free
Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?
- a)7% loss
- b)8% loss
- c)4% loss
- d)6% loss
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Two horses sold at 1200/-each. First one on a profit of 20% and second...
If two articles are sold at same price, one at a loss of R% and another at a profit of R%, then there will always be a net loss of R2/100.
Alternate method:
Let SP of 1st horse = 240 & SP of 2nd horse = 240
CP of first horse
CP of 2nd horse
Total Cost Price = 200 + 300 = 500
Total Selling Price = 240 + 240 = 480
Net Loss = 500 - 480 = 20
Alternate method:
Let SP of 1st horse = 240 & SP of 2nd horse = 240
CP of first horse
CP of 2nd horse
Total Cost Price = 200 + 300 = 500
Total Selling Price = 240 + 240 = 480
Net Loss = 500 - 480 = 20
Most Upvoted Answer
Two horses sold at 1200/-each. First one on a profit of 20% and second...
Solution:
Given,
Cost price of first horse = Selling price of first horse / (1 + Profit%)
Cost price of first horse = 1200 / (1 + 20/100)
Cost price of first horse = 1000
Cost price of second horse = Selling price of second horse / (1 - Loss%)
Cost price of second horse = 1200 / (1 - 20/100)
Cost price of second horse = 1500
Total cost price = 1000 + 1500 = 2500
Total selling price = 1200 + 1200 = 2400
Profit or Loss = (Total selling price - Total cost price) / Total cost price * 100%
Profit or Loss = (2400 - 2500) / 2500 * 100%
Profit or Loss = -4%
Therefore, the overall profit/loss percentage is 4% loss which is option (c).
Given,
Cost price of first horse = Selling price of first horse / (1 + Profit%)
Cost price of first horse = 1200 / (1 + 20/100)
Cost price of first horse = 1000
Cost price of second horse = Selling price of second horse / (1 - Loss%)
Cost price of second horse = 1200 / (1 - 20/100)
Cost price of second horse = 1500
Total cost price = 1000 + 1500 = 2500
Total selling price = 1200 + 1200 = 2400
Profit or Loss = (Total selling price - Total cost price) / Total cost price * 100%
Profit or Loss = (2400 - 2500) / 2500 * 100%
Profit or Loss = -4%
Therefore, the overall profit/loss percentage is 4% loss which is option (c).
|
Explore Courses for Defence exam
|
|
Similar Defence Doubts
Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer?
Question Description
Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer?.
Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Defence.
Download more important topics, notes, lectures and mock test series for Defence Exam by signing up for free.
Here you can find the meaning of Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Two horses sold at 1200/-each. First one on a profit of 20% and second one is in 20% loss. The overall profit/loss in percentage is?a)7% lossb)8% lossc)4% lossd)6% lossCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Defence tests.
|
|
Explore Courses for Defence exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup