Question

A refrigerator and a camera were sold for Rs 12,000 each. The refrigerator was sold at a loss of 20% and the camera was sold at a gain of 20%. The entire transaction results in which one of the following?

• A. No loss, no gain
• B. Loss of Rs 1000
• C. Gain of Rs 1000
• D. Loss of Rs 2000

Answer 1

The correct option is B Loss of Rs 1000

b'In such questions, there is always a loss 20% of 20 $=$ 4%.
S.P. of both articles $=2\times Rs12,000=Rs24,000$.
$C.P.=24000÷\frac{96}{100}=Rs25,000$
$\therefore$ Loss $=Rs1000$.'