Profit and Loss Practice Test 8

Question : 18 of 40

Marks: +1, -0

A furniture seller sells two tables at Rs 1,500each. He earned a profit of 20% on one table and incurred a loss of 20% on the table. The net profit or loss in this deal is

4% loss
4% profit
Neither loss nor profit
10% loss
10% prof

Validate

Solution:

\table \SP ,\Quantity ,\Profit % ,\Loss%;1500 ,1 ,20%, -;1500, 1, - ,20%

Gain/loss per cent

={20×20}/100=4%

Loss = 4%

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