A man bought 2 articles for Rs. 1200 each. He sold one at a 20% loss and the other at a 20% profit. What is his overall profit or loss percentage? MCQ with Answer and Explanation

A man bought 2 articles for Rs. 1200 each. He sold one at a 20% loss and the other at a 20% profit. What is his overall profit or loss percentage?
A. No Profit No Loss
B. 4% Loss
C. 8% Loss
D. 4% Profit
Answer: Option A
Solution (By JKSSB Mock Tests)
When CP is the same for two articles, and one is sold at x% profit and the other at x% loss, the overall result is No Profit No Loss.

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Practice More Profit And Loss Questions

Question #1
A trader buys two horses for Rs. 19500. He sells one at a 20% loss and the other at a 15% profit. If the selling price of both horses is the same, find the cost price of the horse sold at a loss.
A. Rs. 9500
B. Rs. 8000
C. Rs. 11500
D. Rs. 10000

Correct Answer: Option C


Explanation:
Let Cost Price 1 = C1 and Cost Price 2 = C2. C1 * 0.80 = C2 * 1.15. C1 / C2 = 1.15 / 0.80 = 115 / 80 = 23 / 16. Total parts = 39. C1 = (23 / 39) * 19500 = 11500.

This question belongs to: Maths Profit And Loss
Question #2
A trader marks his goods 65% above cost and gives a discount of 30%. What is his profit percent?
A. 12%
B. 20%
C. 15.5%
D. 18%

Correct Answer: Option C


Explanation:
Let CP = 100, MP = 165, SP = 165*0.7 = 115.5, profit = 15.5%.

This question belongs to: Maths Profit And Loss
Question #3
A dishonest dealer cheats by 10% while buying and 10% while selling using false weights. He marks up his goods by 20% and gives a discount of 10%. Find his true overall profit percentage.
A. 30.68%
B. 32%
C. 33.1%
D. 28%

Correct Answer: Option B


Explanation:
Multiplier factor = (110 / 100) * (100 / 90) * (120 / 100) * (90 / 100). Value = 1.1 * 1.1111 * 1.2 * 0.9 = 1.32. Profit percentage = 32%.

This question belongs to: Maths Profit And Loss