Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Cost price of two articles is same. 1st is sold at 20% profit and 2nd is sold at 30% loss. Find overall profit or loss percentage in this transaction.

Options:

10% Loss

5% loss

10% profit

5% loss

Correct Answer:

5% loss

Explanation:

Let CP of each article = Rs. 100

                     Profit   = 100 x 20% = 20

                       Loss   = 100 x 30% = -30

                  --------------------------------------

                      Overall profit/loss    =  -10

Required percentage =  \(\frac{10}{200}\) x 100 = 5%