THE TWO AEROPLANES.
(
Money Puzzles)
A man recently bought two aeroplanes, but afterwards found that they
would not answer the purpose for which he wanted them. So he sold them
for L600 each, making a loss of 20 per cent. on one machine and a profit
of 20 per cent. on the other. Did he make a profit on the whole
transaction, or a loss? And how much?
Answer:
The man must have paid L500 and L750 for the two machines, making
together L1,250; but as he sold them for only L1,200, he lost L50 by the
transaction.
