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

Question

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. No profit no loss

B. 1% loss

C. 2% 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.

This question belongs to: Maths Percentage

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Question #1

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Cost article Rs. 500, marked up 60%, then 25% discount. Selling price:

A. 550

B. 575

C. 600

D. 625

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Correct Answer: Option C

Explanation:
Marked = 500×1.6 = 800, SP = 800×0.75 = 600.

This question belongs to: Maths Percentage

Question #2

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25% reduction in sugar price lets a person buy 8 kg more for Rs. 200. Reduced price per kg:

A. Rs. 6

B. Rs. 5

C. Rs. 5.5

D. Rs. 6.25

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Correct Answer: Option D

Explanation:
Original price x, consumption y, xy=200. New 0.75x(y+8)=200 → 150 + 6x = 200 → 6x=50 → x=25/3≈8.33, reduced price 0.75*x = 6.25. So Rs. 6.25.

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Question #3

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Numerator of a fraction increased by 20%, denominator decreased by 10%, fraction becomes 2/3. Original fraction:

A. 3/5

B. 1/3

C. 1/2

D. 2/5

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Correct Answer: Option C

Explanation:
(1.2a)/(0.9b) = 2/3 → (4/3)(a/b)=2/3 → a/b = 1/2.

This question belongs to: Maths Percentage

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