Arman sells two T.V. at Rs.396 each. On

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Arman sells two T.V. at Rs.396 each. On 1st he gains 11% and on 2nd he losses 11%. His profit or loss % in the whole transaction is:

Options:

1.21 % profit

1.21 % loss

1 % loss

2.2 % loss

Correct Answer:

1.21 % loss

Explanation:

In such cases seller always bears loss

Loss % = ($\frac{11 × 11}{100}$) %

= 1.21 % loss