A man sells two articles for Rs. 396 each. On one, he gains 10% and on the other, he loses 10%. Find his total profit or loss in rupees. MCQ with Answer and Explanation

Question

A man sells two articles for Rs. 396 each. On one, he gains 10% and on the other, he loses 10%. Find his total profit or loss in rupees.

A. No profit no loss

B. Rs. 8 profit

C. Rs. 4 loss

D. Rs. 8 loss

Answer: Option D

Solution (By JKSSB Mock Tests)

Cost Price 1 = 396 / 1.10 = 360. Cost Price 2 = 396 / 0.90 = 440. Total Cost Price = 800. Total Selling Price = 792. Loss = 800 - 792 = Rs. 8.

This question belongs to: Maths Profit And Loss

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Question #1

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A dealer allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1300

B. Rs. 1200

C. Rs. 1100

D. Rs. 1000

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Correct Answer: Option B

Explanation:
SP = 600*1.2 = 720. MP = 720 / 0.6 = 1200.

This question belongs to: Maths Profit And Loss

Question #2

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A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1580

B. Rs. 1680

C. Rs. 1720

D. Rs. 1620

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Correct Answer: Option B

Explanation:
SP = 1500 * 1.12 = 1680.

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Question #3

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A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

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