A trader sells two computers at the same price, making a profit of 30% on one and a loss of 30% on the other. What is the net loss or profit percentage on the transaction?
- AOption (a)
6% loss
- BOption (b)
6% gain
- COption (c)
9% loss
- DOption (d)
9% gain
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Correct answer
9% loss
Why this answer is correct
Let the selling price of both computers be ‘91x’ each.
Cost price of first computer = 91x × (100/130) = 70x
Cost price of second computer = 91x × (100/70) = 130x
Total cost price = 70x + 130x = 200x
Total selling price = 91x × 2 = 182x
Loss amount = 200x – 182x = 18x
Loss percent = (18x/200x) × 100 = 9%