My friend collects antique stamps. She purchased two, but
found that she needed to raise money urgently. So she sold
them for Rs. 8000 each. On one she made 20% and on the other
she lost 20%.
How much did she gain or lose in the entire transaction?
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Answer / mohd. hashim khan
Let buying price of Ist stamp be Rs.x
Then
8000 - 0.2x = x
x = 8000/1.2
x = Rs.6666.67
Let buying price for IInd stamp be Rs.Y
Then
8000+0.2x = y
y = 8000/0.8
Y = Rs. 10000
Total money spend on purchasing the stamps = x+y
= 6666.67+10000
= Rs.16666.67
Total money earned by selling the stamps = Rs.8000+8000
= Rs. 16000
Loss = Buying price - selling price
= Rs. 16666.67-16000
= Rs. 666.67 (Answer)
| Is This Answer Correct ? | 82 Yes | 5 No |
Answer / guest
She lost Rs 666.67
Consider the first stamp. She mades 20% on it after selling
it for Rs 8000.
So the original price of first stamp is
= (8000 * 100) / 80
= Rs 6666.67
Similarly, consider second stamp. She lost 20% on it after
selling it for Rs 8000
So the original price of second stamp is
= (8000 * 100) / 80
= Rs 10000
Total buying price of two stamps
= Rs 6666.67 + Rs 10000
= Rs 16666.67
Total selling price of two stamps
= Rs 8000 + Rs 8000
= Rs 16000
Hence, she lost Rs 666.67
| Is This Answer Correct ? | 26 Yes | 10 No |
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