Multiple choice

A shopkeeper sells two radios for Rs. 1200 each, one at a profit of 60% and other at a loss of 60%. Find his profit or loss percentage in the whole transaction.

  1. 33% profit

  2. 25% profit

  3. 51% loss

  4. 36% loss

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When SP is same and profit/loss % is same, the result is always a loss of (x^2)/100. Loss % = (60^2)/100 = 3600/100 = 36%.

AI explanation

When two articles are sold at the same selling price with a profit and loss of x percent, there is always a net loss, calculated by the formula Net Loss % = (x^2 / 100). Substituting x = 60 into the formula gives (60 x 60) / 100, which equals 36 percent. Therefore, the shopkeeper incurs a 36 percent loss in the whole transaction.

Keep practicing — related questions