A man buys two items for a total of Rs. 3000. He sells one at a 20% profit and the other at a 10% loss. If he makes no overall profit or loss, what is the cost price of the first item?
A trader buys two horses for Rs. 19500. He sells one at a 20% loss and the other at a 15% profit. If the selling price of both horses is the same, find the cost price of the horse sold at a loss.
Explanation:
The dealer saves 100 grams on every 900 grams given to the customer. Profit Percentage = (Error / True Value - Error) * 100 = (100 / 900) * 100 = 11.11%.
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