Quantitative Aptitude • Percentage, Profit & LossHard
A trader sells two chairs for ₹2,000 each. On one there is a profit of 30% and on the other a loss of 30%. What is the overall result?
A. 9% loss✓ Correct Answer
B. No profit, no loss
C. 9% profit
D. 30% loss
💡 Solution & Explanation
The two cost prices are different. Cost of the first = ₹2,000 × 100 ÷ 130 = ₹1,538.46; cost of the second = ₹2,000 × 100 ÷ 70 = ₹2,857.14. Total cost ₹4,395.6 is more than the total selling price ₹4,000, so there is a loss of 9%. Shortcut: equal selling prices with x% profit and x% loss always give a loss of x²/100 %.
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