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Anu sold 2 books at Rs. 1.40 each. Her profit on one was 20% and her loss on the other was 20%. Then she made
  • a)
    No loss no gain                     
  • b)
    gained 20 paise
  • c)
    lost 12 paise             
  • d)
    lost 20 paise
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Anu sold 2 books at Rs. 1.40 each. Her profit on one was 20% and her l...
It the SP for both the Items is same and
there is a profit of x% and a loss of x%,
then the resultant loss = x²/100%
So, the resultant loss = 4%.
Total SP = 2.80, which is equal to 96% of CP of 2 books.
.: CP of 2 books = 2.80 × 100/96 = 2.92 (Appx);
:. Loss = 2.92 – 2.80 = .12 = 12 paise.
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Most Upvoted Answer
Anu sold 2 books at Rs. 1.40 each. Her profit on one was 20% and her l...
By apply percentage effect. 20% - 20% - 20×20/100 = 4% loss occur. S.P of both books= 2.8 Rs = 100 - 4 = 96% of C.P. So, 2.8 = 96% , C.P 100% = 2.8×100/96 = 2.917. C.P - S.P = 2.917 - 2.8 = .117 = 12 paise
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Community Answer
Anu sold 2 books at Rs. 1.40 each. Her profit on one was 20% and her l...
Given:
Selling price of two books = Rs. 1.40 each
Profit on one book = 20%
Loss on the other book = 20%

To find: The net profit or loss made by Anu

Solution:

Let's assume that the cost price of each book is Rs. x

Profit on one book = 20%
So, the selling price of one book = cost price + profit
= x + 0.2x = 1.2x

Loss on the other book = 20%
So, the selling price of the other book = cost price - loss
= x - 0.2x = 0.8x

Total selling price of two books = Rs. 1.40 each = Rs. 2.80
So, we can form an equation as:

1.2x + 0.8x = 2.80
2x = 2.80
x = 1.40

Therefore, cost price of each book = Rs. 1.40

Now, let's calculate the profit or loss made on both books.

Profit = Selling price - Cost price

Profit on one book = 1.2x - x = 0.2x = 0.2 x 1.4 = 0.28
Loss on the other book = x - 0.8x = 0.2x = 0.2 x 1.4 = 0.28

So, Anu neither made a profit nor a loss overall.
Hence, the answer is option 'C' - No loss no gain.
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Anu sold 2 books at Rs. 1.40 each. Her profit on one was 20% and her loss on the other was 20%. Then she madea)No loss no gainb)gained 20 paisec)lost 12 paise d)lost 20 paisee)None of theseCorrect answer is option 'C'. Can you explain this answer?
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