Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Arman sells two T.V. at ₹396 each. On 1st he gains 10% and on 2nd he losses 10%. His profit or loss % in the whole transaction is:

Options:

8% profit

1% loss

1% profit

10% loss

Correct Answer:

1% loss

Explanation:

In such cases seller always bears loss

Loss % = (\(\frac{10 × 10}{100}\)) %

           = 1 % loss