SSC Sample Paper Mock Test-15 SSC CGL Tear-II Paper-1

  • question_answer
    A trader sells two cycles at Rs. 1188 each and gains 10% on the first and loses 10% on the second. What is the profit on loss per cent on the whole?    

    A) 1% loss

    B)  1% gain        

    C)  No loss no gain

    D)  2% loss  

    Correct Answer: A

    Solution :

    By using the rule, When there is a profit of x% and loss of y%, then the resultant Profit/Loss \[=\left( x-y-\frac{xy}{100} \right)%\] Here, \[x=y=10%\] \[=\left( 10-10-\frac{10\times 10}{100} \right)=-\,\,1%\] = 1% loss


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