A motor cycle and a scooter were sold for Rs.12000 each. The motor cycle was sold at a loss of 20% of the cost and the scooter at a gain of 20% of the cost. The entire transaction resulted in :
A
No loss or gain
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B
Loss of Rs. 1000
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C
Gain of Rs. 1000
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D
Gain of Rs.2000
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Solution
The correct option is A Loss of Rs. 1000 SP = Rs.12000