New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Arjun sold two items for Rs. 990 each, one at 10% profit

    and other at 10% loss. Determine his overall profit/loss % from the whole transaction
    A 5% loss Correct Answer Incorrect Answer
    B 2% profit Correct Answer Incorrect Answer
    C 1% loss Correct Answer Incorrect Answer
    D 4% profit Correct Answer Incorrect Answer

    Solution

    ATQ,


    Cost price of the items that was sold at 10% profit = 990 ÷ 1.10 = Rs. 900

    Cost price of the items that was sold at 10% loss = 990 ÷ 0.90 = Rs. 1,100

    Total cost price of both items = 900 + 1100 = Rs. 2,000

    Total selling price of both the items = 990 + 990 = Rs. 1980

    Total loss = 2000 – 1980 = Rs. 20

    % loss = (20/2000) × 100 = 1%

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