A Shopkeeper sells 2 things ndash bed set and sofa set both at the same price of Rs 34569 In doing s...........

Quant (SSC) Profit and loss

A Shopkeeper sells 2 things – bed set and sofa set , both at the same price of Rs 34569. In doing so he manages to gain 10% on bed set while he incurred a loss of 10% in selling sofa set. Then the net percentage profit or loss in whole transaction is?

11% Profit

11% loss

1% Profit

1% loss

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Explanation:

When two articles are sold at same price but one of them at a profit and another at a loss and the percentage profit is the same as the percentage loss then there is always loss
And loss(%) = (common gain or loss /100)²
⇒ here loss % = (10/10)²= 1² = 1