2. Sample Papers
  3. SSC

SSC Sample Paper SSC CGL - Sample Paper-22

  • question_answer
    A refrigerator and a camera were sold for Rs. 12000 each. The refrigerator was sold at a loss of 20% of the cost and the camera at a gain of 20% of the cost. The entire transaction results in which one of the following?

    A) No loss no gain

    B) Loss, Rs. 1000

    C) Gain, Rs.1000   

    D) Loss, Rs. 2000

    Correct Answer: B

    Solution :

    Let the cost price of a refrigerator be Rs. x and that of a camera be Rs. y. Since, a refrigerator was sold for Rs. 12000 at a loss of 20%. \[\therefore \]      \[12000=x\left( \frac{100-20}{100} \right)\] \[\Rightarrow \]   \[x=\frac{12000\times 100}{120}=Rs.15000\] and a camera was sold for Rs. 12000 at a profit of 20%. \[\therefore \]      \[12000=y\left( \frac{100+20}{100} \right)\] \[\Rightarrow \]   \[y=\frac{12000\times 100}{120}=Rs.10000\] Total cost price of both items \[=x+y\]             \[=15000+10000\] and total selling price of both items             \[=12000+12000\]             \[=Rs.\,24000\] \[\therefore \]      Loss \[=25000-24000\]         \[=Rs.\,1000\]


You need to login to perform this action.
You will be redirected in 3 sec spinner