Question
Download Solution PDFPrem sells an article to Ria at a profit of 20%. Ria sells the article back to Prem at a loss of 20%. In this transaction:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Prem sells an article to Ria at a profit of 20%.
Ria sells the article back to Prem at a loss of 20%.
Formula used:
If profit = P% then,
S.P = C.P × (100 + P)%
If loss = L% then,
S.P = C.P × (100 - L)%
Calculation:
Let the C.P = 100
Prem's S.P = 100 × 120% = 120
Ria's C.P = 120
Ria's S.P = 120 × 80% = 96
Prem's total profit = (120 - 100) + (100 - 96)
⇒ 20 + 4 = 24
% Profit for Prem = (24 × 100)/100 = 24%
∴ The correct answer is option (4).
Last updated on Jul 16, 2025
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