By selling a goat for Rs 990 a man loses 10 at what price should he sell the goat to gain 10

Correct Answer:

Description for Correct answer:

\( \Large \frac{99}{100} = \frac{2 \times 990}{?} \)

= ? = Rs.1980

Therfore, Loss = 2000 - 1980 = Rs.20.

Part of solved Profit and Loss questions and answers : >> Aptitude >> Profit and Loss

Solution

Let
original price of table sold at 10% profit = x
110% of x = 990
110/100 * x = 990
11/10 *x = 990
x = 990 * 10/11
x = 9900/11 = 900

Original Price of the table sold at 10% = 900
but
the selling price was 990 = 990-900 = Rs. 90 (Profit)

Total Price of two tables = 990 + 990 = 1980
Original price of other table = 1980-900 = 1080
But
selling price was 990 = 1080-990 = 90 (loss)
Profit - loss = 90-90 = 0
Therefore seller broke even.

Solution

S.P. of first fan =Rs.990Gain%=10%∴C.P.=S.P.×100100+gain%=Rs.990×100110=Rs.900S.P. of second fan = Rs.990Loss%=10%∴C.P.=S.P.×100100−loss%=Rs.990×100100−10=Rs.990×10090=Rs.1100Total cost price of two fans =Rs.900 +Rs.1100=Rs.2000Toatal S.P.=Rs.990+990=Rs.1980Loss=C.P.−S.P.=/Rs.2000−Rs.1980=Rs.20Loss%=Loss×100C.P=20×1002000=1% Ans.