Quantitative Aptitude • Percentage, Profit & LossHard
A trader sells two chairs for ₹2,700 each. On one there is a profit of 20% and on the other a loss of 20%. What is the overall result?
A. 4% loss✓ Correct Answer
B. 4% profit
C. No profit, no loss
D. 20% loss
💡 Solution & Explanation
The two cost prices are different. Cost of the first = ₹2,700 × 100 ÷ 120 = ₹2,250; cost of the second = ₹2,700 × 100 ÷ 80 = ₹3,375. Total cost ₹5,625 is more than the total selling price ₹5,400, so there is a loss of 4%. Shortcut: equal selling prices with x% profit and x% loss always give a loss of x²/100 %.
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