Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper sold two articles for Rs. 9961 each. On one, he gained 24% and on the other, he lost 24%. What is the overall gain or loss %?

Options:

6.76% loss

6.76% gain

5.76% loss

5.76 gain

Correct Answer:

5.76% loss

Explanation:

Overall gain or loss  = x + y - \(\frac{xy}{100}\)

= +24 + (-24) - \(\frac{24×24}{100}\) = -5.76% or loss of 5.76%