Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage? MCQ with Answer and Explanation

Two watches are sold at the same price. One is sold at a 15% profit and the other at a 15% loss. What is the overall profit or loss percentage?

A. 2.25% profit

B. No profit no loss

C. 2.5% loss

D. 2.25% loss

Answer: Option D

Overall loss percentage = (15^2) / 100 = 225 / 100 = 2.25%.

This question belongs to: Maths Profit And Loss

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

Question #1 Report Error

A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 20%

B. 15%

C. 30%

D. 25%

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the cost price of an article is Rs. 460 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 440

B. Rs. 437

C. Rs. 430

D. Rs. 445

Correct Answer: Option B

Explanation:
Loss = 5% of 460 = 23, SP = 460 - 23 = 437.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

If the selling price of an article is Rs. 320 and the loss is 20%, what is the cost price?

A. Rs. 400

B. Rs. 360

C. Rs. 380

D. Rs. 420

Correct Answer: Option A

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss