Multiple Choice Questions on Amit sells two items at the same price If he sells one item at a profit of 20 and the other at........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Amit sells two items at the same price If he sells one item at a profit of 20 and the other at...........

Quantitative Aptitude ( CCS) Profit and loss
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     Amit sells two items at the same price. If he sells one item at a profit of 20% and the other at a loss of 20%, find the percentage profit or loss.

    4% profit

    Incorrect Answer

    4% loss

    Correct Answer

    No profit no loss

    Incorrect Answer

    Cannot be determined

    Incorrect Answer
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    Explanation:

     If the Selling Price of two items is same and one is sold at profit and another at loss and the Percentage of Profit and Loss is same, Then there will always be a loss of x²/100 % . Where x = (Profit or Loss Percentage Value which is 20 here).

    Putting x = 20 in the required Result.

    20²/100 % = 4% Loss.

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