A sold two articles at the same price. I

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A sold two articles at the same price. In one article, he gets a profit of 20% and in another, he gets a loss of 20%. Then Ram gets:

Options:

2% loss

4% loss

4% profit

No profit/ loss

Correct Answer:

4% loss

Explanation:

When selling prices are same and profit and loss percent is the same, then there is always loss.

So, loss percent = \(\frac{20 × 20}{100}\)% = 4%