Question : The selling prices of the two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?
Option 1: 4%
Option 2: 3.5%
Option 3: 2.5%
Option 4: 2%
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 4%
Solution : If the selling prices of the two articles are equal and one article is sold at a profit of $x$% and the other is sold at a loss of $x$%, then there will be a loss of $\frac{x^2}{100}$%. So, loss% = $\frac{20^2}{100}$% = 4% Hence, the correct answer is 4%.
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Question : If 80% of total articles are sold at a loss of 25% and the remaining articles are sold at a profit of 20%, what will be the overall loss percentage?
Question : If 80% of total articles are sold at a profit of 25% and the remaining articles are sold at a loss of 20%, then what will be the overall profit percentage?
Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 10000. He sold both watches, the first one at a profit of 10 percent and the second at a loss of 10 percent. What is the overall profit or loss?
Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 16000. He sold both watches, the first one at a profit of 10% and the second at a loss of 10%. What is the overall profit or loss?
Question : A refrigerator and a washing machine were sold for Rs. 24000 each. If the refrigerator was sold at a gain of 20% and the washing machine at a loss of 20%. What is the overall profit or loss percent in the whole transaction?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile