ExamVeda
Login
Home

I sold two watches for Rs 300 each one at loss...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

I sold two watches for Rs. 300 each, one at loss of 20% and other at the profit of 20%. What is the percentage of loss (-) or profit (+) that resulted from the transaction?

Answer & Solution
Correct Answer: Option D
In such cases, always loss occurs. It can be calculated by this formula,
$$ = \frac{{{{\left( {{\text{loss or gain percentage}}} \right)}^2}}}{{100}} = 4$$
That is 4% of loss

Graphic Change method
100 == 20%(loss) ⇒ 120 == 20%(gain) ⇒ 96
% Loss = 4%
Examveda
Question posted by Examveda
Community

Join the Discussion

1 Comment
Caleb 19
Caleb 19 4 years ago
Formula is (loss or gain%/10)^2. Not 100 for denominator.
Keep Learning

Related Questions on Profit and Loss

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:
A. 45 : 56 B. 45 : 51 C. 47 : 56 D. 47 : 51
By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:
A. Rs. 2600 B. Rs. 2700 C. Rs. 2800 D. Rs. 3000
A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:
A. A neither losses nor gains B. A makes a profit of 11% C. A makes a profit of 20% D. B loses 20%
A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:
A. Rs. 3,750 B. Rs. 3,250 C. Rs. 2,750 D. Rs. 2,250
More Related Questions on Profit and Loss