Profit and loss

Quantitative Aptitude ( CCS)

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A person sells two fans for Rs. 6800. The cost price of the first fan is equal to the selling price of the second fan. If the first is sold at 30% loss and the second at 100% gain, what is total profit or loss (in rupees)?

800

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1400

Explanation:

Let the cp of 1st fan = sp of 2nd fan = Rs 100
? sp of 1st fan = 70(loss 30%)
Cp of 2nd fan = 50 (profit 100%)
Total cp = 100 + 50 = 150 and total sp = 70 + 100 = 170
? When SP = 6800,
then cp = 150/170 x 6800 = 6000
? Profit = 6800 – 6000 = 800

By: MIRZA SADDAM HUSSAIN

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