A man sells two articles for Rs. 120 each. On one he gains 20%, and on the other he loses 20%. Find his overall profit or loss percent. MCQ with Answer and Explanation

A man sells two articles for Rs. 120 each. On one he gains 20%, and on the other he loses 20%. Find his overall profit or loss percent.
A. 1% loss
B. 4% loss
C. No profit no loss
D. 2% loss
Answer: Option B
Solution (By JKExamLibrary)
CP1 = 120/1.2=100, CP2=120/0.8=150. Total CP=250, SP=240. Loss=10, %=(10/250)×100=4% loss.

This question belongs to: Maths Percentage

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Percentage Questions

Question #1 Report Error
A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find his profit percent.
A. 50%
B. 56.25%
C. 60%
D. 62.5%

Correct Answer: Option B


Explanation:
CP of 1 article = 8/10 = 0.8, SP of 1 = 10/8 = 1.25. Profit = 0.45, % = (0.45/0.8)×100 = 56.25%.

This question belongs to: Maths Percentage
Question #2 Report Error
A student scored 42% marks and failed by 12 marks. Another student scored 58% marks and got 20 marks more than the passing marks. Find the maximum marks.
A. 200
B. 220
C. 180
D. 160

Correct Answer: Option A


Explanation:
0.42M + 12 = 0.58M - 20 → 32 = 0.16M → M = 200.

This question belongs to: Maths Percentage
Question #3 Report Error
In a school, 60% boys, 40% girls. 20% of boys and 30% of girls get scholarship. % of students without scholarship:
A. 76%
B. 70%
C. 72%
D. 80%

Correct Answer: Option A


Explanation:
Scholarship boys = 12% of total, girls = 12%, total 24%, without = 76%.

This question belongs to: Maths Percentage