question_answer

A Shopkeeper sells two T.V. sets at the same Price. There is a gain of 20% on one T.V. and loss of 20% on the other. State which of the following Statement is correct? (i) The Shopkeeper neither gain nor lose (ii) The shopkeeper loses by 2% (iii) The shopkeeper gain by 4% (iv) The shopkeeper losses by 4%

A) Only (i) is correct

B) Only (iv) is correct

C) Both (i) & (ii) may possible

D) Cannot be determined

Correct Answer: B

Solution :

    Only (iv) is correct Let S be the selling Price Cost price of T.V. on which there is a gain of 20% Total cost price