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7.Profit and Loss
easy
A shopkeeper sells two watches for $Rs.\,308$ each. On one watch he earns $12 \%$ profit and on the others he suffers $12 \%$ loss. His profit or loss in the entire transaction was
A
$1 \frac{11}{25} \%$ loss
B
$1 \frac{11}{25} \%$ gain
C
$3 \frac{2}{25} \%$ loss
D
$3 \frac{2}{25} \%$ gain
Solution
Loss percentage $=\left(\frac{\text { Common gain or loss }}{10}\right)^{2}$
$=\frac{144}{100}=\frac{36}{25}=1 \frac{11}{25} \%$
Standard 13
Quantitative Aptitude