Last year Mr. A bought two paintings. This year he sold them for Rs. 20000 each. On one, he made a 25% profit and of the other he had a 25% loss. Then his net profit or loss is = ?

1He loss more then Rs. 2000
2He loss more than Rs. 2000
3He earned more than Rs. 2000
4He earned less than Rs. 2000

Answer:- 4

Explanation:-

Solution:

25 % = \frac{1}{4}

$25\% = \frac{1}{4}$

	Cost Price	Selling Price	Profit/Loss
I	4_x3	5_x3	3
II	4_x5	3_x5	-5

[ Selling price are same ]
Selling price = 15 units,
(Profit / Loss)
= 3 - 5 = -2 units (loss)
∴ 15 unit = 20000 (Selling price)

\begin{aligned} 1 unit = \frac{20000}{15} \\ = 1333.33 \end{aligned}

$\eqalign{ & 1{\text{ unit}} = \frac{{20000}}{{15}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1333.33 \cr}$ Loss = 2 units = 1333.33 × 2 = 2666.66
So, loss more than Rs. 2000

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	Cost Price	Selling Price	Profit/Loss
I	4_x3	5_x3	3
II	4_x5	3_x5	-5

[ Selling price are same ]
Selling price = 15 units,
(Profit / Loss)
= 3 - 5 = -2 units (loss)
∴ 15 unit = 20000 (Selling price)

\begin{aligned} 1 unit = \frac{20000}{15} \\ = 1333.33 \end{aligned}

$\eqalign{ & 1{\text{ unit}} = \frac{{20000}}{{15}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1333.33 \cr}$ Loss = 2 units = 1333.33 × 2 = 2666.66
So, loss more than Rs. 2000 ", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution: