Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage? MCQ with Answer and Explanation

Question

Two items are sold for Rs. 1200 each. One is sold at a 25% profit and the other at a 25% loss. What is the overall profit or loss percentage?

A. No profit no loss

B. 6.25% loss

C. 6.25% profit

D. 5% loss

Answer: Option B

Solution (By JKSSB Mock Tests)

When Selling Prices are equal, overall loss percentage = (x^2) / 100. Loss percentage = (25 * 25) / 100 = 6.25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 12%

C. 15%

D. 8%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.8 = 112, profit = 12%.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 224 and the loss is 20%, find the cost price.

A. Rs. 260

B. Rs. 290

C. Rs. 280

D. Rs. 270

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Correct Answer: Option C

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Question #3

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If an article is sold at Rs. 315, there is a loss of 10%. At what price should it be sold to gain 5%?

A. Rs. 360

B. Rs. 375

C. Rs. 367.50

D. Rs. 350

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Correct Answer: Option C

Explanation:
CP = 315 / 0.9 = 350. To gain 5%, SP = 350*1.05 = 367.50.

This question belongs to: Maths Profit And Loss

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