A shop keeper sells two bags for RS.500 each.on one,he gets 14% profit and on the other he gets 14% loss.his profit r loss in the entire
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Hi Reniguntla,
It will be a situation of no profit and no loss. As when he sells it at 14% profit he earns= 570 rupees (500*114/100).However, when he sells other bag for 14% loss he earns =430 rupees (500*86/100).
Bag A=570
Bag B= 430
implied, total earnings = 570+430= 1000
Hence proved no profit no loss.
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