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Pawan purchased two tables, first for ₹10000 and the second for ₹12000. He sold both the tables, first one at the profit of 10 percent and the second
Question

Pawan purchased two tables, first for ₹10000 and the second for ₹12000. He sold both the tables, first one at the profit of 10 percent and the second at a loss of 20 percent. What is the overall profit or loss?

A.

Profit = ₹1200

B.

Loss = ₹1400

C.

Profit = ₹1400

D.

Loss = ₹1200

Correct option is B

Given:

  • Cost Price (CP) of Table 1 = ₹10000
  • Cost Price (CP) of Table 2 = ₹12000
  • Table 1 sold at 10% profit
  • Table 2 sold at 20% loss

Formula:

SP1=CP1+(10100×CP1)SP2=CP2(20100×CP2)\text{SP}_1 = \text{CP}_1 + \left(\frac{10}{100} \times \text{CP}_1\right) \\\text{SP}_2 = \text{CP}_2 - \left(\frac{20}{100} \times \text{CP}_2\right)

Solution:

Table 1:

  • Profit = 10% of ₹10000 = ₹1000
  • SP = ₹10000 + ₹1000 = ₹11000

Table 2:

  • Loss = 20% of ₹12000 = ₹2400
  • SP = ₹12000 - ₹2400 = ₹9600

Total CP = ₹10000 + ₹12000 = ₹22000
Total SP = ₹11000 + ₹9600 = ₹20600

Now compare:

Loss = Total CP - Total SP = ₹22000 - ₹20600 = ₹1400

Correct Answer: (b) Loss = ₹1400


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