Multiple choice

The cost price of two bicycles sold by Shahid are 1,500 and 2,000 respectively. On selling the first he made a profit of 10% while on the second he suffered a loss of 10%. Find his total loss or profit in the entire transaction.

  1. 20

  2. 50

  3. 30

  4. 40

  5. None
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit on the first bicycle is 10% of 1500 = 150. Loss on the second is 10% of 2000 = 200. The net result is a loss of 200 - 150 = 50.

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