A shopkeeper sells two watches for Rs., 308 each. On one he gets 12 % profit and on other 12 % loss.

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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

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