Multiple Choice Questions on Two articles are sold for Rs10 384 each On one the seller gains 18 and onthe other he loses 12 Whati........... for SSC CGL Exam Preparation

Profit and loss

Quantitative Aptitude (CGL)

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Indian Economy - Understanding the basics of Indian economic system

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    Two articles are sold for Rs10,384 each. On one,the seller gains 18% and onthe other, he loses 12%. Whatis his overall gain or

    loss?

    This questions was previously asked in
    SSC CGL 10 June 2019 Shift-3

    Rs168 loss

    Incorrect Answer

    Rs168 gain

    Correct Answer

    Rs178 gain

    Incorrect Answer

    Rs178 loss

    Incorrect Answer
    Explanation:

    Selling price of both articles =10,384
    Now let cost price be C1 and C2
    Now C1(1.18) = 10,384
    soC1=8800
    Now C2(0.88) =10,384
    we get C2 = 11,800
    Now total cost price =20,600
    Total selling price =20,768
    So as selling price > cost price
    He had a profit = 20,768-20,600 =168


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