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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Correct Answer: 4%
Solution : If the selling prices of the two articles are equal and one article is sold at a profit of $x$% and the other is sold at a loss of $x$%, then there will be a loss of $\frac{x^2}{100}$%. So, loss% = $\frac{20^2}{100}$% = 4% Hence, the correct answer is 4%.
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Question : If 80% of total articles are sold at a loss of 25% and the remaining articles are sold at a profit of 20%, what will be the overall loss percentage?
Option 1: 20%
Option 2: 18%
Option 3: 16%
Option 4: 22%
Question : If 80% of total articles are sold at a profit of 25% and the remaining articles are sold at a loss of 20%, then what will be the overall profit percentage?
Option 1: 15%
Option 2: 12.5%
Option 4: 20%
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 : 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
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
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