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Vipul

· started a discussion

· 1 Months ago

Any short cut for this type of problems (Question: 233009.0 )

??

Question:
A man sold his two cars for Rs.4.5 lakh each. In the sale of first car, he incurred 20% profit and in the sale of the second, he incurred 20% loss. The total amount of profit or loss is:
Options:
A) Profit of Rs.20250
B) Loss of Rs.20250 
C) Profit of Rs.37500
D) Loss of Rs.37500 
Solution:

Ans: (d)

Avinash Gujju

· commented

· 1 Months ago

Always consider CP to be 100 and you might be aware of the formula (r/10)^2% if product is sold , it would be always a loss if the profit and loss are same. -- (20/10)^2% => 4% Loss So as each costs 4.5Lac then ((2*4.5)*4/(100-4)) -- 37500
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