Multiple choice

Sakshi bought two televisions for the same price. One was sold at a 60% profit while the other was sold at a 40% loss. What was her overall profit or loss percentage on the entire transaction?

  1. 10% Loss

  2. 10% Profit

  3. 4% Profit

  4. 24% Loss

  5. 36% Profit
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Let the cost price of each TV be x. Total cost is 2x. Selling price 1 is 1.6x, selling price 2 is 0.6x. Total selling price is 2.2x. Profit is 0.2x on 2x, which is 10%.

AI explanation

When two items are sold at the same cost price with one at a 60% profit and the other at a 40% loss, the net result is simply the average of the two percentages. The overall profit or loss percentage is calculated as (60 minus 40) divided by 2. This results in an overall profit percentage of 10%.

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