Question : A trader buys two articles for Rs. 3000 each article. While selling, he earns a profit of 10% on one and loses 20% on the other. What will be his overall loss percentage?
Option 1: 10%
Option 2: 20%
Option 3: 15%
Option 4: 5%
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Correct Answer: 5%
Solution : The trader buys two articles for Rs. 3000 each. The total cost is Rs. 6000. On selling the first article, he earns a profit of 10%. The selling price of the first article = Rs. 3000 + 10% of Rs. 3000 = Rs. 3300 On selling the second article, he incurs a loss of 20%. The selling price of the second article = Rs. 3000 – 20% of Rs. 3000 = Rs. 2400 The total selling price of the two articles = Rs. 3300 + Rs. 2400 = Rs. 5700 The overall loss = Rs. 6000 – Rs. 5700 = Rs. 300 $\therefore$ The overall loss percentage = $\frac{300}{ 6000} × 100 = 5\%$ Hence, the correct answer is 5%.
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Question : A shopkeeper earns 15% profit on his goods. He loses 10% of his goods during transportation. What is his overall profit loss percentage?
Option 1: Profit, 3.5%
Option 2: Profit, 5%
Option 3: Loss, 3.5%
Option 4: Loss, 5%
Question : A dealer sells two machines at the rate of Rs. 15000 per machine. On one he earns a profit of 20 percent and on the other, he loses 40 percent. What is his profit/loss percentage in the whole transaction?
Option 1: 20 percent loss
Option 2: 10 percent loss
Option 3: 10 percent profit
Option 4: 20 percent profit
Question : A merchant loses 10% by selling an article. If the cost price of the article is Rs. 15, then the selling price of the article is:
Option 1: Rs. 13.20
Option 2: Rs. 16.50
Option 3: Rs. 12.30
Option 4: Rs. 13.50
Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 20,000. He sold both watches, the first one at a profit of 10 percent and the second at a loss of 20 percent. What is the overall profit or loss?
Option 1: Profit = Rs. 2600
Option 2: Loss = Rs. 2800
Option 3: Loss = Rs. 2400
Option 4: Profit = Rs. 2200
Question : A trader sells two LED sets at the same price. There is a gain of 20 % on one LED and a 20 % loss on the second LED. Which of the following statements is true?
Option 1: The trader makes a profit of 4%.
Option 2: The trader makes a profit of 2%.
Option 3: The trader makes no profit or no loss.
Option 4: The trader makes a loss of 4%.
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