Mohan sells 2 cars for Rs. 20000 each, neither gaining nor losing in the deal. If he sells one car at a loss of 20%, then the other car must have sold at a gain of
Explanation:
Cost price of the car sold at 20% loss = 100 × SP/80 =100 × 20000/80 = 25000.
Now he has incurred a loss of Rs. 5000 on this.
Now as on the whole there is "no" net loss hence he must have gained Rs. 5000 in the second.
Selling price of the second product = 20000. Profit = Rs. 5000.
So Cost Price of the second product = 20000 - 5000 = 15000.
Percentage Profit = 100 × 5000 / 15000 = 33.33%.
Hence, option (d).
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