Two items are sold for Rs. 2400 each. One at a 20% profit, the other at a 20% loss. Find the overall loss in rupees. MCQ with Answer and Explanation

Question

Share Report Error

Two items are sold for Rs. 2400 each. One at a 20% profit, the other at a 20% loss. Find the overall loss in rupees.

A. Rs. 200

B. Rs. 0

C. Rs. 100

D. Rs. 400

Answer: Option A

Solution (By JKSSB Mock Tests)

CP1 = 2400/1.2 = 2000. CP2 = 2400/0.8 = 3000. Total CP = 5000. Total SP = 4800. Loss = 5000 - 4800 = Rs. 200.

This question belongs to: Maths Profit And Loss

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Profit And Loss Questions

Question #1

Share Report

A trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 12%

C. 15%

D. 8%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #2

Share Report

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. 1000

B. Rs. 1050

C. Rs. 1020

D. Rs. 1035

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #3

Share Report

If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 840

B. Rs. 800

C. Rs. 900

D. Rs. 700

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

Explore All Profit And Loss MCQs