Question
Download Solution PDFMona purchased two sets of jewellery for Rs. 4,000 each. She sold these sets of jewellery, gaining 8% on one and losing 6% on the other. Calculate her total loss or gain in this whole transaction.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price of two sets of jewellery = Rs.4000 each
Profit on 1st set of jewellery = 8%
Loss on 2nd set of jewellery = 6%
Calculation:
Total profit = 4000 × (8 - 6)%
⇒ 4000 × 2% = Rs.80
∴ The correct answer is Rs.80.
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