Multiple Choice Questions

Two similar pieces of an item were purchesed by paying the same amount for each and they were sold r...........

Quantitative Aptitude (MTS) Profit and loss

Two similar pieces of an item were purchesed by paying the same amount for each, and they were sold,respectively,for a profit

of 25% and a loss of 20%. What was his profit percentage?

This questions was previously asked in

SSC MTS 12th October 2021 Shift-2

4.5

2.5

- Initial Purchase: Two identical items were bought at the same cost. Let's call the cost price of each item $C$.

- Sale Transactions:

- One item was sold with a 25% profit: Selling price = $C + 0.25 C = 1.25 C$

- The other item was sold with a 20% loss: Selling price = $C - 0.20 C = 0.80 C$

- Total Cost: $2 C$

- Total Revenue: $1.25 C + 0.80 C = 2.05 C$

- Profit: Total Revenue - Total Cost = $2.05 C - 2 C = 0.05 C$

- Profit Percentage: $(0.05 C / 2 C) \times 100 = 2.5 %$

- Correct Answer:

$✓ Option 3: 2.5$

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