Arithmetichard · Past Paper
A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit and on other 12% loss. Find his total gain or loss in Rs.
ALoss of Rs. 9
BLoss of Rs. 8.96
CGain of Rs. 8.96
DNo profit no loss
✓ Correct Answer: B — Loss of Rs. 8.96
Total SP = 616. CP1 = 308/1.12 = 275. CP2 = 308/0.88 = 350. Total CP = 625. Loss = 625 - 616 = 9.
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