Multiple Choice Questions on A dealer sold two ACs at Rs 5940 each On selling one AC he gained 10 and on selling the other he los........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A dealer sold two ACs at Rs 5940 each On selling one AC he gained 10 and on selling the other he los...........

Quant (SSC) Profit and loss
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    A dealer sold two ACs at Rs. 5940 each. On selling one AC he gained 10% and on selling the other he lost 10%. Find the dealer’s gain or loss percent?

    1% gain

    Incorrect Answer

    1% loss

    Correct Answer

    2% loss

    Incorrect Answer

    2% gain

    Incorrect Answer
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    Explanation:

    5940 = (110/100)*cp1, cp1 = 5400
    5940 = (90/100)*cp2, cp2 = 6600
    So, CP = 5400 + 6600 = 12000
    And selling price = 5940 + 5940 = 11880
    % loss = (120/12000)*100 = 1%

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