A man sells 2 books for Rs 450 each at no profit no loss on the whole business If he earned 20 profi...........

Quantitative Aptitude ( CCS) Profit and loss

A man sells 2 books for Rs.450 each at no profit no loss on the whole business. If he earned 20% profit on the 1st item then the loss on the 2nd item will be

12.48%

16.66%

12.24%

14.28%

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Explanation:

SP of 2 items = 450+450 = 900
CP of 1st item = 450*100/120 =375
CP of 2nd item = 900 – 375 = 525
Loss = CP – SP= 525 – 450 = 75
% loss = 75*100/525 = 14.28%