Profit and Loss Q.5

0. A man purchases two pens for Rs 740. He sells one at 12 % profit and the other at 8% loss. Then he neither gains nor loses. Find the cost price of each pen (in Rs).

Answer
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Option : B
Explanation : C.P. of 2 pens = 740. Let C.P. of 1st pen be x and C.P. of 2nd pen be y.
Since there is no profit and loss in the whole transaction, so 12% of x = 8% of y
⇒ x : y = 2 : 3
Hence the cost of first pen = (2/3) × 740 = Rs 296 and that of the second pen = (3/5) × 740 = Rs 444.

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