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
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Correct Answer: Loss = Rs. 400
Solution : For the First watch: ⇒ SP1 = CP + $\frac{\text{Profit percentage×CP}}{100}$ = 12000 + $\frac{(10×12000)}{100}$ = 12000 + 1200 = Rs. 13200 For the second watch: ⇒ SP2= CP – $\frac{\text{Loss percentage × CP }}{100}$ = 16000 – $\frac{(10×16000) }{100}$ = 16000 – 1600 = Rs.14400 ⇒ Overall profit or loss = (SP1 + SP2) – (CP1+ CP2) = (13200 + 14400) – (12000 + 16000) = 27600 – 28000 = – 400 Hence, the correct answer is 'Loss = Rs. 400'.
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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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Option 1: INR 240 profit
Option 2: INR 450 loss
Option 3: INR 240 loss
Option 4: INR 450 profit
Question : A purchased two articles for Rs. 400 and Rs. 600 respectively and sold at gains of 10% and 20% respectively. What was his overall gain percentage?
Option 1: 16%
Option 2: 20%
Option 3: 18%
Option 4: 15%
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 : By selling an article at Rs. 425, a shopkeeper had a loss of 15%. At what price should be sell the article to make a profit of 20%?
Option 1: Rs. 800
Option 2: Rs. 1000
Option 3: Rs. 400
Option 4: Rs. 600
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