mahatorajiv693
mahatorajiv693 mahatorajiv693
  • 23-07-2021
  • Mathematics
contestada

ITC sells one product at a profit of 30% another at a loss of 30% at the same selling price.What is the loss incurred by ITC? A. 1% B. 2% C. 4% D. 0%​

Respuesta :

oeerivona oeerivona
  • 28-07-2021

Answer:

D. 0%

Step-by-step explanation:

The percentage of profit at which one of the products are sold = 30%

The percentage loss at which the other product are sold = 30%

Let x represent the prices of each of the products, we have;

The profit from the sale of the first product = 30% of x = 0.3·x

The loss from the sale of the second product = -30% of x = -0.3·x

The total gain or loss = Profit + Loss = 0.3·x + (- 0.3·x) = 0

Therefore, there is no net loss

The total loss incurred = 0%.

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