Question
A trader sells two chains for Rs. 4100 each, neither
losing nor gaining in all. If he sold one of the chains at a gain of 25%, the other was sold at a loss ofSolution
Total selling price of two chains = 4100 + 4100 = Rs. 8200 Cost price of the first chain = 4100 * 100/125 = Rs. 3280 According to the question, there is no profit no loss. Cost price of the second chain = 8200 – 3280 = Rs. 4920 Loss = 4920 – 4100 = Rs. 820 Required % loss = 820 * 100/4920= 16.67%
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