Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2007 · Marks: · Difficulty:
A shopkeeper sells two watches for ₹ 308 each. On one he gets 12\% profit and on the other 12\% loss. His profit or loss in the entire transaction was
(a)Neither profit, nor loss
(b)$1 \frac{11}{25} \%$ loss
(c)$1 \frac{11}{25} \%$ profit
(d)$3 \frac{2}{25} \%$ loss
Answer
Answer (as printed): B
Explanation
$$\begin{aligned} \text { Loss } \% & =\left(\frac{\text { Common Loss and Gain } \%}{10}\right)^{2} \% \\ & =\left(\frac{12}{10}\right)^{2} \%=\frac{36}{25} \%=1 \frac{11}{25} \% \end{aligned}$$
Explanation as extracted from the printed page; notation may be imperfect.