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CAT 1996 — QA Question 31

Profit & LossEasy

I sold two watches for Rs. 300 each, one at the loss of 10% and the other at the profit of 10%. What is the percentage of loss(–) or profit(+) that resulted from the transaction?

Answer & solution

Correct answer: (-)1

  • A

    (+)10

  • (-)1

  • C

    (+)1

  • D

    (-)10

Solution

In this case, we need not use the data that SP = Rs. 300 each. This has to be used only to figure out that the SP of both the articles is the same. Also since the profit percentage on one is equal to the loss percentage on the other, viz. 10% effectively, it will be a loss given by (10)2100= 1%. Hence, the correct answer is (–)1.

Hence, option (b).

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CAT 1996 QA Q31: I sold two watches for Rs. 300 each, one at the loss of 10% and the other at the profit of 10%. What is the pe — Solution | TheCATExam