A man sells two articles for Rs. 120 each. On one he gains 20%, and on the other he loses 20%. Find his overall profit or loss percent. MCQ with Answer and Explanation

A man sells two articles for Rs. 120 each. On one he gains 20%, and on the other he loses 20%. Find his overall profit or loss percent.
A. 2% loss
B. 1% loss
C. No profit no loss
D. 4% loss
Answer: Option D
Solution (By JKSSB Mock Tests)
CP1 = 120/1.2=100, CP2=120/0.8=150. Total CP=250, SP=240. Loss=10, %=(10/250)×100=4% loss.

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Practice More Percentage Questions

Question #1
Student A gets 30% marks and fails by 15 marks. Student B gets 40% marks and gets 15 marks more than passing. What is the total marks?
A. 300
B. 400
C. 250
D. 350

Correct Answer: Option A


Explanation:
Difference in percentage = 40% - 30% = 10%. Difference in marks = 15 - (-15) = 30. 10% of Maximum = 30. Maximum = 300.

This question belongs to: Maths Percentage
Question #2
To pass need 45%. A student gets 54 marks and fails by 36. Max marks:
A. 200
B. 220
C. 250
D. 180

Correct Answer: Option A


Explanation:
Pass = 90, 45% M = 90 → M = 200.

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Question #3
Price increased 10% then 20%. Single equivalent increase:
A. 30%
B. 28%
C. 34%
D. 32%

Correct Answer: Option D


Explanation:
1.1 × 1.2 = 1.32, increase 32%.

This question belongs to: Maths Percentage