Profit and Loss Practice Test 3

Question : 17 of 40

Marks: +1, -0

A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit and on the other 12%loss. His profit or loss per cent in the entire transaction was:

$3 2/ 25 %$ loss
$1 11 / 25 %$ profit
$1 11 / 25 %$ loss
Neither profit nor loss

Validate

Solution:

Here, loss%

=(12/10)^2=36/25=1 11/25%

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