A shopkeeper sells two tables at Rupees 1500 each. He earned a profit of 20% on one table however suffered a loss of 20% on the other. Net profit or l

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A shopkeeper sells two tables at Rupees 1500 each. He earned a profit of 20% on one table however suffered a loss of 20% on the other. Net profit or loss on this deal is:
1. 4 % profit
2. 4 % loss
3. No profit no loss
4. 10% loss

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Correct Answer - Option 2 : 4 % loss

Given:

A shopkeeper sells two tables at Rupees 1500 each

Calculation:

Let be assume the cost of tables X and Y respectively

⇒ X × 1.2 = 1500, X = 1250

⇒ Y × 0.8 = 1500, Y = 1875

⇒ The required (loss/profit)% = (1500 + 1500)/(1250 + 1875) × 100 = 96%

⇒ The loss % = 100 - 96 = 4%

∴ The required result will be 4%.