Multiple Choice Questions on A man sold two watches for Rs 721 each On one he gained 14 and on the other he lost 14 His gai........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A man sold two watches for Rs 721 each On one he gained 14 and on the other he lost 14 His gai...........

Quantitative Aptitude ( CCS) Profit and loss
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     A man sold two watches for Rs.721 each. On one he gained 14% and on the other he lost 14%. His gain or loss % on the whole transaction is ?

    0%

    Incorrect Answer

    1.96% loss

    Correct Answer

    28% loss

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    1st case
    sp=721
    profit%=14
    cp=721/1.14=632.45
    profit=721-632.45=88.55
    2nd case
    sp=721
    loss%=14
    cp=838.37
    loss=117.37
    therefor total sp=721+721=1442
    total cp=632.45+838.37=1470.85
    total loss=28.85
    loss %=1.96

    By: MIRZA SADDAM HUSSAIN
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