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A person sells two fans for Rs. 3200. The cost price of the first fan is equal to the selling price of the second fan. If the first is sold at 40% loss and the second at 100% gain, what is total profit or loss?
Rs. 160
Rs. 200
Rs. 240
Rs. 280
None of these
- Let's assume the selling price of the second fan is Rs. \( x \).
- The first fan is sold at 40% loss, so if the cost price of the first fan is \( x \), then its selling price is \( 0.6x \).
- Thus, the selling price of the second fan (which is also the cost price of the first) is \( x \).
- The second fan is sold at 100% gain, meaning its cost price must be \( x/2 \), thus its selling price is \( x \).
- Given: \( 0.6x + x = 3200 \).
- Simplifying, \( 1.6x = 3200 \) results in \( x = 2000 \).
- So, first fan cost = second fan selling price = Rs. 2000.
- Second fan cost = Rs. 1000 (50% of Rs. 2000).
- Total cost = Rs. 2000 (first fan cost) + Rs. 1000 (second fan cost) = Rs. 3000.
- Total selling price = Rs. 3200.
- Total profit = Selling price - Cost price = Rs. 3200 - Rs. 3000 = Rs. 200.
- Therefore, the correct answer is Option 2: Rs. 200.
By: Parvesh Mehta ProfileResourcesReport error
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