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
loss of Rs. 1,000
gain of RS.1 ,000
gain of Rs. 2,000
A
loss of Rs. 1,000
B
gain of RS.1 ,000
C
gain of Rs. 2,000
D
no.loss, no gain
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Solution
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The correct option is B loss of Rs. 1,000 Total selling price=12000×2=24000 One sell 20% loss then cost price =10080×12000=10000 One sell 20% gain then cost price=100120×12000=15000 Total cost price=10000+15000=25000 Loss=25000−24000=1000
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