Ritik sells two toys at a profit of 20 and another at a loss of 20 but the selling price of each toy...........

Quantitative Aptitude (CDS) Profit and loss

Ritik sells two toys at a profit of 20 % and another at a loss of 20%, but the selling price of each toy is Rs. 300. What is the net amount of profit or loss?

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Explanation:

Since there is always a loss.
Now, loss % = (common gain or loss/10)^2
Loss % = (20/10)^2% = 4%
Amount of loss. Total SP = 600 (300+300)
Again, total SP = 96% of CP (4%loss)
600=(96/100)CP
CP = 625
Loss = CP - SP = 625 - 600 = Rs.25