3 years ago in Profit & Loss

A man sold two chairs at Rs. 1,200 each. On one he gained 20% and on the other he lost 20%. His gain or loss in the whole transaction is:

[A] 1% loss
[B] 2% loss
[C] 4% loss
[D] 15 gain
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Raj sold an item for Rs. 6, 384/- and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%?

  • [A] Rs. 14, 565/-
  • [B] Rs. 11, 856/-
  • [C] Rs. 13, 544/-
  • [D] Cannot be determined
  • [E] None of these