Quantitative Aptitude • Percentage, Profit & LossHard
A store owner sells two chairs for ₹600 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% profit
C. 10% loss
D. 1% loss✓ Correct Answer
💡 Solution & Explanation
The two cost prices are different. Cost of the first = ₹600 × 100 ÷ 110 = ₹545.45; cost of the second = ₹600 × 100 ÷ 90 = ₹666.67. Total cost ₹1,212.12 is more than the total selling price ₹1,200, so there is a loss of 1%. Shortcut: equal selling prices with x% profit and x% loss always give a loss of x²/100 %.