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- Quantitative Aptitude
7.Profit and Loss
easy
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 in the entire transaction was
A
Neither profit, nor loss
B
$1 \frac{11}{25} \% \operatorname{loss}$
C
$1 \frac{11}{25} \%$ profit
D
$3 \frac{2}{25} \% \operatorname{loss}$
Solution
Profit or loss $\%$ in the transaction $=\left(\frac{\text { Common loss and } \operatorname{gain} \%}{10}\right)^{2}=\left(\frac{12}{10}\right)^{2}$
$=1.44 \%=1 \frac{11}{25} \%$ loss
Standard 13
Quantitative Aptitude