Virat and Samrat together invested 50000 and 120000 rupees to start a business. They suffered a loss of 20%. How much loss did each of them incur?

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Rs. 24000

Rs. 34000

Rs. 42000

Rs. 10000

answer is A.

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Detailed Solution

Virat's investment is Rs.50,000.
We know that the formula for loss is given as
=

\frac{Loss %}{100}

×Investment
Since Virat suffered a loss of 20% so his loss will be
Loss=Rs.

\frac{20}{100}

×50000
⇒Rs.20×500
⇒Rs.10000
Hence, Virat suffered a loss of Rs.10000.
Investment of Samrat is given as Rs.120000.
Since he also suffered a loss of 20% so his loss would be:
Loss=

\frac{Loss %}{100}

×Investment
Loss=Rs.

\frac{20}{100}

×120000
⇒Rs.20×1200
⇒Rs.24000
Hence, Samrat suffered a loss of Rs.24000
Hence, Virat and Samrat incurred a loss of Rs.10000 and Rs.24000 respectively.

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