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. 5% loss

B. 6.25% profit

C. No profit no loss

D. 6.25% loss

Answer: Option D

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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If the cost price of 8 apples equals the selling price of 6 apples, what is the profit percentage?

A. 33.33%

B. 25%

C. 40%

D. 50%

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Correct Answer: Option A

Explanation:
8 * CP = 6 * SP. SP/CP = 8/6 = 4/3. Profit = 4 - 3 = 1. Profit % = (1/3) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #2

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Find the selling price of an article bought for Rs. 800 and sold at a 15% profit.

A. Rs. 920

B. Rs. 900

C. Rs. 950

D. Rs. 940

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Correct Answer: Option A

Explanation:
Profit = 15% of 800 = 120. Selling Price = 800 + 120 = Rs. 920.

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Question #3

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If the cost price of an article is Rs. 900 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 1020

B. Rs. 1050

C. Rs. 1000

D. Rs. 1035

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Correct Answer: Option D

This question belongs to: Maths Profit And Loss

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