Profit & loss

Arshi

Two old cars are sold for rs 48000 each one is sold at a profit of 20 percent and another at a loss of 20 percent, find the net profit or loss percentage and total amount of profit/loss??

Kindly solve it, may be I'm making mistake while solving it!
Thank you!!

laxman168

In this type question, when S.P. is same and value of profit and loss is also same, always give a loss
= 20X20/100 = 4% Loss
Amount of loss is :
Total Selling Price = 48000+48000=96000
Total Cost price = 96000X100/96=1,00,000
Total loss = 1,00,000-96000=4000