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Practice mode Profit and Loss

Saima sells two sewing machines at Rs. 1,980 each. She gains 10% on one and loses 10% on the other. What is the overall result?

Correct answer C. Loss of 1%

Explanation

When two items sell at the same price with equal gain and loss of x%, there is always a loss of x²/100 = 100/100 = 1%. Overall result: loss of 1%.

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Question 01 Profit and Loss

What is the percent profit earned by the shopkeeper on selling the articles in his shop? I. Labeled price of the articles sold was 130% of the cost price. II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered.

Correct answer C. I and III

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Question 04 Profit and Loss

By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.

Correct answer B. II alone sufficient while I alone not sufficient to answer

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