Profit and loss

Quantitative Aptitude (CDS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A person sells two items each at Rs. 990, one at profit 10% and another at loss 10%.What is the combined % of profit or loss for the two items?

1% loss

1% profit

No profit No loss

0.5% profit

Net profit/loss=10+10-(10*10)/100=-1
- 1 implies Loss of 1%