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Multiple Choice Questions

The selling prices of two articles are equal If the first article is sold at a profit of 20 and the ...........

Quantitative Aptitude (MTS) Profit and loss

The selling prices of two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?

This questions was previously asked in

SSC MTS 12th July 2022 Shift-1

View All SSCMTS Previous Year Papers

3.5%

2.5%

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Explanation:

Correct Option is 1 - 4%

First article sold at = 20% profit Second article sold at = 20% loss
CP = SP x 100/(100+ profit%)
CP = SP x 100/(100-loss%)

Let the selling price be 120a
So, cost price of 1st item = 120a x (100/120) =100a
Cost price of 2nd item = 120a x (100/80)
⇒ 150a
Total cost price = 100a + 150a
⇒250a
Total selling price = 240a
Loss = 10a
% of loss = (10a/250a) x 100
⇒4%
-The required answer is 4%.

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