A man sold his two cars for Rs. 4.5 lakh each. In sale of first car, he incurred 20 % profit and in

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7.Profit and Loss

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A man sold his two cars for $Rs.$ $4.5$ $lakh$ each. In the sale of first car, he incurred $20 \%$ profit and in the sale of the second, he incurred $20 \%$ loss. The total amount of profit or loss is?

A

profit of $Rs.\, 20250$

B

loss of $Rs.\, 20250$

C

profit of $Rs.\, 37500$

D

loss of $Rs. 37500$

Solution

Here, net $\operatorname{loss} \%=\frac{a^{2}}{100}=4 \%$

Loss $\%=\frac{4}{100}=\frac{C P-[4.5 \times 2 \operatorname{lakh}]}{C P}=C P=Rs.$$9,37,500$

Hence $\operatorname{los} s=C P-S P=9,37,500-9,00,000=$ $Rs. 37500$

Standard 13

Quantitative Aptitude

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