Arithmeticmedium · Past Paper
A trader buys two shirts for Rs. 500 each. He sells one at 10% profit and the other at 10% loss. What is his total gain or loss?
A1% gain
B1% loss
CNo gain no loss
DRs. 10 loss
✓ Correct Answer: C — No gain no loss
Profit = 10% of 500 = 50. Loss = 10% of 500 = 50. Net = 0. (Note: CP is same here, unlike the SP problem).
Share this question
More from Arithmetic
- An item costing Rs. 200 is sold at a loss of 5%. What is the selling price?
- In a bag, there are Rs 1, 50p, and 25p coins in the ratio 5:6:8. If the total amount is Rs 210, find the number of 50p coins.
- A man gave 35% of his money to his son and 25% to his daughter. He has Rs. 2000 left. How much did he have originally?
- If the principal is P, time is T, and rate is R, which of the following represents Simple Interest?
- The ratio of the number of sides of two regular polygons is 1:2 and the ratio of their interior angles is 3:4. The number of sides are: