Correct Answer - Option 2 : Loss of Rs 200
Given:
A shopkeeper sold two mobiles in Rs 2400 each.
The profit on one is 20%.
The loss on second is 20%
Formula Used:
Cost price = Selling price/(100 + Profit%) × 100
Cost price = Selling price/(100 - Loss%) × 100
Profit = Selling price - Cost price
Loss = Cost price - Selling price
Calculation:
The cost price of first one = 2400/120 × 100 = 2000
The cost price of second one = 2400/80 × 100 = 3000
Total cost price = 2000 + 3000 = 5000
Total selling price = 2400 + 2400 = 4800
Loss = 5000 - 4800 = 200
∴ The net loss is Rs.200.