Multiple Choice Questions on If a trader sold two cars each at Rs 325475 and gains 12 on the first and loses 12 on the second the........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

If a trader sold two cars each at Rs 325475 and gains 12 on the first and loses 12 on the second the...........

Quantitative Aptitude ( CCS) Profit and loss
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    If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is ?

    1.44% loss

    Correct Answer

    1.44% profit

    Incorrect Answer

    0%

    Incorrect Answer

    14.4% loss

    Incorrect Answer
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    Explanation:

    SP of each car is Rs. 325475,

    he gains 12% on first car and losses 12% on second car.
    In this case, there will be loss and percentage of loss is given by

    = [(profit%)(loss%)]/100

    = (12)(12)/100 % = 1.44% loss

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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