Two horses were sold for Rs.12,000 each,on eat a loss of 20% and the other at a gain of 20%. The entire transaction resulted in :

no.loss, no gain

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loss of Rs. 1,000

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gain of RS.1 ,000

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gain of Rs. 2,000

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Solution

The correct option is B loss of Rs. 1,000
Total selling price= $12000 \times 2 = 24000$
One sell 20% loss then cost price = $\frac{100}{80} \times 12000 = 10000$
One sell 20% gain then cost price= $\frac{100}{120} \times 12000 = 15000$
Total cost price= $10000 + 15000 = 25000$
Loss= $25000 - 24000 = 1000$

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Two horses were sold for Rs.12,000 each,on eat a loss of 20% and the other at a gain of 20%. The entire transaction resulted in :

The correct option is B loss of Rs. 1,000Total selling price=12000×2=24000One sell 20% loss then cost price =10080×12000=10000One sell 20% gain then cost price=100120×12000=15000Total cost price=10000+15000=25000Loss=25000−24000=1000