Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage? MCQ with Answer and Explanation

Question

Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. No profit no loss

B. 2.5% loss

C. 2.25% profit

D. 2.25% loss

Answer: Option D

Solution (By JKSSB Mock Tests)

Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

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Question #1

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A trader gives a discount of 20% on the marked price and still gains 10%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 687.5

C. Rs. 700

D. Rs. 650

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Correct Answer: Option B

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Question #2

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A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 800 grams for 1 kg. What is his actual profit percentage?

A. 33.33%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option D

Explanation:
He gives 800 grams but charges for 1000 grams. Profit = 1000 - 800 = 200 grams. Profit percentage = (200 / 800) * 100 = 25%.

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Question #3

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If the cost price of an article is Rs. 450 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 405

B. Rs. 400

C. Rs. 410

D. Rs. 415

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Correct Answer: Option A

Explanation:
Loss = 10% of 450 = 45, SP = 450 - 45 = 405.

This question belongs to: Maths Profit And Loss

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