A customer buys two items for $120 each. If the first item has a profit of 20% and the second has a loss of 20%, what is the overall profit or loss? (2023)
Practice Questions
1 question
Q1
A customer buys two items for $120 each. If the first item has a profit of 20% and the second has a loss of 20%, what is the overall profit or loss? (2023)
No profit, no loss
Loss of $12
Profit of $12
Profit of $24
Cost Price of first item = 100, Selling Price = 120. Cost Price of second item = 150, Selling Price = 120. Total Cost Price = 250, Total Selling Price = 240. Overall loss = 10.
Questions & Step-by-step Solutions
1 item
Q
Q: A customer buys two items for $120 each. If the first item has a profit of 20% and the second has a loss of 20%, what is the overall profit or loss? (2023)
Solution: Cost Price of first item = 100, Selling Price = 120. Cost Price of second item = 150, Selling Price = 120. Total Cost Price = 250, Total Selling Price = 240. Overall loss = 10.
