Quantitative Aptitude • Percentage, Profit & LossHard
A store owner sells two table fans for ₹4,900 each. On one there is a profit of 10% and on the other a loss of 10%. What is the overall result?
A. No profit, no loss
B. 1% loss✓ Correct Answer
C. 1% profit
D. 10% loss
💡 Solution & Explanation
The two cost prices are different. Cost of the first = ₹4,900 × 100 ÷ 110 = ₹4,454.55; cost of the second = ₹4,900 × 100 ÷ 90 = ₹5,444.44. Total cost ₹9,898.99 is more than the total selling price ₹9,800, so there is a loss of 1%. Shortcut: equal selling prices with x% profit and x% loss always give a loss of x²/100 %.
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