My friend collects antique stamps. She purchased two, but
found that she needed to raise money urgently. So she sold
them for Rs. 8000 each. On one she made 20% and on the other
she lost 20%.

How much did she gain or lose in the entire transaction?

Answers were Sorted based on User's Feedback



My friend collects antique stamps. She purchased two, but found that she needed to raise money urge..

Answer / mohd. hashim khan

Let buying price of Ist stamp be Rs.x
Then
8000 - 0.2x = x
x = 8000/1.2
x = Rs.6666.67

Let buying price for IInd stamp be Rs.Y
Then
8000+0.2x = y
y = 8000/0.8
Y = Rs. 10000

Total money spend on purchasing the stamps = x+y
= 6666.67+10000
= Rs.16666.67

Total money earned by selling the stamps = Rs.8000+8000
= Rs. 16000

Loss = Buying price - selling price
= Rs. 16666.67-16000
= Rs. 666.67 (Answer)

Is This Answer Correct ?    82 Yes 5 No

My friend collects antique stamps. She purchased two, but found that she needed to raise money urge..

Answer / guest

She lost Rs 666.67

Consider the first stamp. She mades 20% on it after selling
it for Rs 8000.

So the original price of first stamp is

= (8000 * 100) / 80

= Rs 6666.67

Similarly, consider second stamp. She lost 20% on it after
selling it for Rs 8000

So the original price of second stamp is

= (8000 * 100) / 80

= Rs 10000

Total buying price of two stamps

= Rs 6666.67 + Rs 10000

= Rs 16666.67

Total selling price of two stamps

= Rs 8000 + Rs 8000

= Rs 16000

Hence, she lost Rs 666.67

Is This Answer Correct ?    26 Yes 10 No

My friend collects antique stamps. She purchased two, but found that she needed to raise money urge..

Answer / aditya

no gain no loss.

Is This Answer Correct ?    2 Yes 30 No

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