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Discussion

  1. ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. , If SP of each article be Rs. 200, what is the amount of loss ?
    1. Rs. 10
    2. Rs. 16
    3. Rs. 16.66
    4. none of these
  1. Correct Option: C

    Loss % = ( common gain or loss / 10 )2 %
    = (20 / 10)2 %
    = 4%

    Now assume total CP of both articles be x, then SP = 0.96x = 400
    x = 400 / 0.96 = CP

    loss = 4% of CP
    = (4 / 100) X (400 / 0.96) = Rs. 16.66


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