Profit And Loss Ques 10
Question.
A shopkeeper sells two watches for ₹ 308 each. On one he gets $12 \%$ profit and on the other $12 \%$ loss. His profit or loss in the entire transaction was
(1) $1 \frac{11}{25} \%$ loss
(2) $1 \frac{11}{25} \%$ gain
(3) $3 \frac{2}{25} \%$ loss
(4) $3 \frac{2}{25} \%$ gain
(5) None of these
(IBPS Bank PO/MT CWE-III 26.10.2013)
Show Answer
Correct Answer: (1)
Solution: (1)
Loss per cent $=\left(\frac{\text { Common gain or loss }}{10}\right)^{2} \%$ $=\left(\frac{12}{10}\right)^{2} \%=\frac{36}{25} \%=1 \frac{11}{25} \%$
BETA
