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

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Mr.Joe bought two plots and asks his two children, Prince& Cherry, to  [#permalink]

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New post Updated on: 31 Jan 2019, 22:56
1
00:00
A
B
C
D
E

Difficulty:

  75% (hard)

Question Stats:

57% (02:18) correct 43% (02:43) wrong based on 38 sessions

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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

Originally posted by akurathi12 on 31 Jan 2019, 08:09.
Last edited by akurathi12 on 31 Jan 2019, 22:56, edited 1 time in total.
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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to  [#permalink]

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New post 31 Jan 2019, 09:55
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  [#permalink]

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New post 31 Jan 2019, 10:19
question looks incomplete
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Re: Mr.Joe bought two plots and asks his two children, Prince& Cherry, to  [#permalink]

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New post 31 Jan 2019, 11:24
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  [#permalink]

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New post 31 Jan 2019, 22:57
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  [#permalink]

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New post 02 Feb 2019, 08:14
1
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   [#permalink] 02 Feb 2019, 08:14
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Mr.Joe bought two plots and asks his two children, Prince& Cherry, to

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