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Question

After selling a table worth Rs 12000 at 20% loss, a trader buys a TV with the same money. Next he sold the TV at 20% profit. What is his profit/loss in the whole transaction?

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Solution

Sale Price of Table = 12000×45=9600
Loss on Sale of Table = 2400
Cost price of TV = 9600
Sale price of TV = 9600×65=11520
Profit on sale of TV= 1920
Net loss=480

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