Multiple Choice Questions on A shopkeeper sells two watches for 308 each On one he gets 12 profit and on the other 12 loss His pr........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper sells two watches for 308 each On one he gets 12 profit and on the other 12 loss His pr...........

Quant (SSC) Profit and loss
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    A shopkeeper sells two watches for ? 308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was

    1 11/25% loss

    Correct Answer

    1 11/25% gain

    Incorrect Answer

    3 2/25% loss

    Incorrect Answer

    3 2/25% gain

    Incorrect Answer
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    Explanation:

    (x + y + xy/100)%
    Let's take x = 12 and y = –12
    By the net% effect formula, we get
    (12 - 12 - 12 x 12/100)%
    = -(144/100)% = -(36/25)%
    = -1 11/25%
    Negative sign shows loss.

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