8th Class Mathematics Related to Competitive Exam Question Bank Arithmetic

  • question_answer
    A man purchased two articles for Rs.3000 each, by selling those he gains 20% on the one and loses 20% on the other. Find the gain (or) loss per cent on the whole transaction.

    A) 4% loss                 

    B) 4% gain

    C) no profit, no loss               

    D) None of these

    Correct Answer: C

    Solution :

    No profit, no loss. Total \[28\frac{4}{7}\] SP of \[I=\frac{(100+20)}{100}\times 3000=Rs.\,6000\] SP of \[II=\frac{(100-20)}{100}\times 3000=Rs.\,2400\] Total of \[SP=Rs.\,3600+Rs.\,2400=Rs.\,6000.\] \[\frac{4}{9}\] No profit, no loss.


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