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A man sells two chairs at Rs. 120 each and by doing so he gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs. is = ?

a) 20
b) 16
c) 25
d) 30

Answer: b
Explanation:
$$\eqalign{ & {\text{C}}{\text{.P}}{\text{.}}\,{\text{of first chair}} \cr & = \frac{{100}}{{125}} \times 120 = {\text{Rs}}{\text{.}}\,96 \cr & {\text{C}}{\text{.P}}{\text{.}}\,\,{\text{of}}\,{\text{second}}\,{\text{chair}} \cr & = \frac{{100}}{{75}} \times 120 = {\text{Rs}}{\text{.}}\,160 \cr & {\text{Loss}} = 160 + 96 – 240 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\,16 \cr} $$ .

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