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A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?
- a)neither loss nor gain
- b)gain of Rs. 1000
- c)loss of Rs. 20,000
- d)gain of Rs. 500
Correct answer is option 'C'. Can you explain this answer?
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A car and a jeep were sold for Rs. 240000 each. The car was sold at a ...
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A car and a jeep were sold for Rs. 240000 each. The car was sold at a ...
Given:
Selling price of car = Selling price of jeep = Rs. 240000
Loss on selling car = 20%
Profit on selling jeep = 20%
Calculations:
1. Selling price of car after 20% loss
Cost price of car = Selling price of car / (1 - Loss%) = 240000 / (1 - 20%) = 300000
Selling price of car after 20% loss = Cost price of car - 20% of cost price = 300000 - 20% of 300000 = 240000
2. Selling price of jeep after 20% profit
Cost price of jeep = Selling price of jeep / (1 + Profit%) = 240000 / (1 + 20%) = 200000
Selling price of jeep after 20% profit = Cost price of jeep + 20% of cost price = 200000 + 20% of 200000 = 240000
3. Total cost price = Cost price of car + Cost price of jeep = 300000 + 200000 = 500000
Total selling price = Selling price of car + Selling price of jeep = 240000 + 240000 = 480000
4. Total profit or loss = Selling price - Cost price = 480000 - 500000 = -20000
Therefore, the answer is option (c) loss of Rs. 20,000.
Selling price of car = Selling price of jeep = Rs. 240000
Loss on selling car = 20%
Profit on selling jeep = 20%
Calculations:
1. Selling price of car after 20% loss
Cost price of car = Selling price of car / (1 - Loss%) = 240000 / (1 - 20%) = 300000
Selling price of car after 20% loss = Cost price of car - 20% of cost price = 300000 - 20% of 300000 = 240000
2. Selling price of jeep after 20% profit
Cost price of jeep = Selling price of jeep / (1 + Profit%) = 240000 / (1 + 20%) = 200000
Selling price of jeep after 20% profit = Cost price of jeep + 20% of cost price = 200000 + 20% of 200000 = 240000
3. Total cost price = Cost price of car + Cost price of jeep = 300000 + 200000 = 500000
Total selling price = Selling price of car + Selling price of jeep = 240000 + 240000 = 480000
4. Total profit or loss = Selling price - Cost price = 480000 - 500000 = -20000
Therefore, the answer is option (c) loss of Rs. 20,000.
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A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer?
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A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer?.
A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer?.
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A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer?, a detailed solution for A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of A car and a jeep were sold for Rs. 240000 each. The car was sold at a loss of 20% while the jeep at 20% profit. total profit or loss is?a)neither loss nor gainb)gain of Rs. 1000c)loss of Rs. 20,000d)gain of Rs. 500Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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