Quantitative Aptitude • Percentage, Profit & LossHard
A vendor sells two chairs for ₹1,300 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. 20% loss
D. No profit, no loss
💡 Solution & Explanation
The two cost prices are different. Cost of the first = ₹1,300 × 100 ÷ 120 = ₹1,083.33; cost of the second = ₹1,300 × 100 ÷ 80 = ₹1,625. Total cost ₹2,708.33 is more than the total selling price ₹2,600, 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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