Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 10000. He sold both watches, the first one at a profit of 10 percent and the second at a loss of 10 percent. What is the overall profit or loss?
Option 1: 2.25% profit
Option 2: 2.25% loss
Option 3: 0.909% profit
Option 4: 0.909% loss
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Correct Answer: 0.909% profit
Solution : The cost price of 1st watch = Rs. 12000 Profit = 10% of 12000 = Rs. 1200 The cost price of 2st watch = Rs. 10000 Loss = 10% of 10000 = Rs. 1000 The total cost price = 12000 + 10000 = 22000 Total profit = 1200 – 1000 = Rs. 200 $\therefore$ Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}\times 100=\frac{200}{22000}\times 100= 0.909\%$ Hence, the correct answer is 0.909% profit.
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Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 16000. He sold both watches, the first one at a profit of 10% and the second at a loss of 10%. What is the overall profit or loss?
Option 1: Profit = Rs. 600
Option 2: Profit = Rs. 200
Option 3: Loss = Rs. 800
Option 4: Loss = Rs. 400
Question : Anusha purchased a television and a camera for INR 12,000 and INR 8,000, respectively. She sold the television at a loss of 10 percent, and the camera at a profit of 12 percent. What was her overall loss/profit?
Option 1: INR 240 profit
Option 2: INR 450 loss
Option 3: INR 240 loss
Option 4: INR 450 profit
Question : A refrigerator and a washing machine were sold for Rs. 24000 each. If the refrigerator was sold at a gain of 20% and the washing machine at a loss of 20%. What is the overall profit or loss percent in the whole transaction?
Option 1: 4% profit
Option 2: 5% profit
Option 3: 4% loss
Option 4: 5% loss
Question : A man sells his bike for Rs. 1,32,000 earning a profit of 10%. If he had sold it for Rs. 1,26,000, then what is his profit or loss percent?
Option 1: 10% profit
Option 2: 5% loss
Option 3: 10% loss
Option 4: 5% profit
Question : The selling prices of the two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?
Option 1: 4%
Option 2: 3.5%
Option 3: 2.5%
Option 4: 2%
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