A person sells two fans for Rs 6800 The cost price of the first fan is equal to the selling price of...........

Quantitative Aptitude ( CCS) Profit and loss

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)?

750

800

670

580

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Explanation:

Solution:
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