Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 20,000. He sold both watches, the first one at a profit of 10 percent and the second at a loss of 20 percent. What is the overall profit or loss?
Option 1: Profit = Rs. 2600
Option 2: Loss = Rs. 2800
Option 3: Loss = Rs. 2400
Option 4: Profit = Rs. 2200
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Correct Answer: Loss = Rs. 2800
Solution :
Given:
First watch price = Rs. 12,000
Profit percentage = 10%
⇒ Profit on the first watch = $\frac{10}{100} ×$ 12,000 = Rs. 1,200
Second watch price = Rs. 20,000
Loss percentage = 20%
⇒ Loss on the second watch = $\frac{20}{100} ×$ 20,000 = Rs. 4,000
⇒ Total loss = 4000 – 1200 = Rs. 2,800
Hence, the correct answer is 'Loss = Rs. 2800'.
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