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

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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. 400

B. Rs. 100

C. Rs. 0

D. Rs. 200

Answer: Option D

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

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Question #1

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The cost price of 5 pens is equal to the selling price of 4 pens. Find the profit percentage.

A. 25%

B. 30%

C. 20%

D. 33.33%

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Correct Answer: Option A

Explanation:
Let the cost price of 1 pen be CP and selling price of 1 pen be SP. Given 5 * CP = 4 * SP, so SP / CP = 5 / 4. Profit = SP - CP = 5 - 4 = 1 unit. Profit Percentage = (1 / 4) * 100 = 25%.

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Question #2

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If the cost price of an item is Rs. 360 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 400

B. Rs. 420

C. Rs. 414

D. Rs. 430

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Correct Answer: Option C

Explanation:
SP = 360*1.15 = 414.

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Question #3

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If the cost price of 5 articles is equal to the selling price of 6 articles, find the loss percent.

A. 20%

B. 10%

C. 15%

D. 16.67%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 6 = 5 => SP of 1 = 5/6 = 0.833, loss = 16.67%.

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