Verify mobile number to view the solution
Solutions
The correct answer is Option 2 i.e. 4/3% loss.
Profit = SP - CP
Loss = CP - SP
Profit% = (Profit × 100)/CP
Loss% = (Loss × 100)/CP
CP of first bicycle = Rs. 1600 and, SP of first bicycle = Rs.1280
CP of second bicycle = Rs. 1400 and, SP of second bicycle = Rs. 1680
For the first bicycle, CP > SP
So, Loss = 1600 - 1280 = Rs.320
For the second bicycle, SP > CP
So, profit = 1680 - 1400 = Rs.280
⇒ The overall Loss = -320 + 280 = -40
Loss = Rs. 40
⇒ The total CP = 1600 + 1400 = Rs. 3000
⇒ Loss% = (40 × 100)/3000 = 4/3%