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Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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Updated on: 31 Jan 2019, 23:56
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Mr.Joe bought two plots and asks his two children, Prince& Cherry, to sell them. Both sold the plots at the same price of $9100 each. Mr. Joe got a profit of 30% on the plot sold by Prince and loss of 30% on the plot sold by Cherry. If expenses are disregarded, what was the overall profit or loss on the two plots sold? A.$1000 Profit B.$1200 Loss C.$1800 Profit D.$1800 Loss E. None of these
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Originally posted by akurathi12 on 31 Jan 2019, 09:09.
Last edited by akurathi12 on 31 Jan 2019, 23:56, edited 1 time in total.




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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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23 Feb 2019, 05:50
akurathi12 wrote: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to sell them. Both sold the plots at the same price of $9100 each. Mr. Joe got a profit of 30% on the plot sold by Prince and loss of 30% on the plot sold by Cherry. If expenses are disregarded, what was the overall profit or loss on the two plots sold?
A.$1000 Profit B.$1200 Loss C.$1800 Profit D.$1800 Loss E. None of these 30% profit hence, 130% of X(CP for Prince)=9100 Gives X=7000 30% Loss Hence, 70% of Y(CP for Cherry)=9100 Gives Y=13000 Cost price of total: 20000 A selling price of total: 18200 (9100x2) CPSP: Loss 20000  18200 = 1800(Loss) Hope it Helps!!!




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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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31 Jan 2019, 10:55
Could someone please elaborate? I have to admit I dont really get this question...
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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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31 Jan 2019, 11:19
question looks incomplete



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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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31 Jan 2019, 12:24
Either the question is incomplete or the answer is E.



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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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31 Jan 2019, 23:57
Arro44 wrote: Could someone please elaborate? I have to admit I dont really get this question... Sorry corrected the question now.



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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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02 Feb 2019, 09:14
akurathi12 wrote: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to sell them. Both sold the plots at the same price of $9100 each. Mr. Joe got a profit of 30% on the plot sold by Prince and loss of 30% on the plot sold by Cherry. If expenses are disregarded, what was the overall profit or loss on the two plots sold?
A.$1000 Profit B.$1200 Loss C.$1800 Profit D.$1800 Loss E. None of these Inline is my approach Successive % change can be applied since the SP is same 30 30 900/100 =9% This means that it will be a loss, A and C out 9% of 18200 $ 1628 This is nearer to D
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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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24 Feb 2019, 02:27
When two items are sold at the same price, one at a profit of a% and one at a loss of a%, the overall result will always be a loss of [a/10]^2. In this case, there will be a loss of [30/10]^2 i.e. 9 % loss. Now, total SP = 9100*2 = 18200, therefore CP = (18200/.91) = 20000. Thus overall loss = CP  SP = 2000018200 = 1800



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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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24 Feb 2019, 02:30
KanishkM wrote: akurathi12 wrote: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to sell them. Both sold the plots at the same price of $9100 each. Mr. Joe got a profit of 30% on the plot sold by Prince and loss of 30% on the plot sold by Cherry. If expenses are disregarded, what was the overall profit or loss on the two plots sold?
A.$1000 Profit B.$1200 Loss C.$1800 Profit D.$1800 Loss E. None of these Inline is my approach Successive % change can be applied since the SP is same 30 30 900/100 =9% This means that it will be a loss, A and C out 9% of 18200 $ 1628 This is nearer to D The SP is 18200 after incurring a loss fo 9%. CP would be 18200/.91 = 20000, therefore loss of 2000018200 = 1800



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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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20 Mar 2019, 20:53
when there is same percent of profit and loss total outcome is loss of (a/10)^2.




Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to
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