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

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 loss
C. Rs. 4 loss
D. Rs. 8 profit
Answer: Option B
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.

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Practice More Profit And Loss Questions

Question #1
A trader marks his goods 35% above cost and gives a discount of 10%. What is his profit percent?
A. 20%
B. 18%
C. 21.5%
D. 25%

Correct Answer: Option C


Explanation:
Let CP = 100, MP = 135, SP = 135*0.9 = 121.5, profit = 21.5%.

This question belongs to: Maths Profit And Loss
Question #2
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make a 25% profit?
A. Rs. 2000
B. Rs. 2400
C. Rs. 2500
D. Rs. 2200

Correct Answer: Option A


Explanation:
Cost Price = (1920 + 1280) / 2 = 3200 / 2 = 1600. Desired Selling Price for 25% profit = 1600 * 1.25 = 2000.

This question belongs to: Maths Profit And Loss
Question #3
Ravi sold an article to Mohan at a profit of 10%. Mohan sold it to Shyam at a profit of 20%. If Shyam paid Rs. 1320, find the cost price for Ravi.
A. Rs. 900
B. Rs. 1200
C. Rs. 1100
D. Rs. 1000

Correct Answer: Option D


Explanation:
Let Ravi's Cost Price = X. X * 1.10 * 1.20 = 1320. 1.32X = 1320. X = 1000.

This question belongs to: Maths Profit And Loss