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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?

Answer Posted / 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 ?    28 Yes 10 No



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