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Srijita Dwary

· started a discussion

· 1 Months ago

CASE OF SELLING PRICE EQUAL......... (Question: 191601.0 )

why profit or loss is calculated on selling price? in case of equal S.P. ratio of C.P. will be 120:80 and profit or loss should be on C.P. only.

Question:

A refrigerator and a camera were sold for Rs. 12000 each. The refrigerator was sold at a loss of 20% of the cost and the camera at a gain of 20% of the cost. The entire transaction results in which of the following  ?   

Options:
A) No loss or gain
B) Loss of Rs. 1000 
C) Gain of Rs. 1000
D) Loss of Rs. 2000
Solution:
Ans: (b)


R.P.SINGH

· commented

· 1 Months ago

i think there is a mistake selling price should be cost price
profit or loss never calculated on s.p
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