A merchant sells two items at ₹1,200 each. On one he gains 20% and on the other he loses 20%. What is his overall profit or loss percentage?
A4% profit
B4% loss
CNo profit no loss
D5% loss
Correct Answer:
B. 4% loss
EXPLANATION
For 20% gain at ₹1,200: CP = 1,200/1.20 = ₹1,000. For 20% loss at ₹1,200: CP = 1,200/0.80 = ₹1,500. Total CP = ₹2,500, Total SP = ₹2,400. Loss = ₹100. Loss% = (100/2,500) × 100 = 4%
If A is 25% more than B and B is 20% less than C, what is the relationship between A and C?
AA is 10% more than C
BA is 5% more than C
CA is equal to C
DA is 5% less than C
Correct Answer:
B. A is 5% more than C
EXPLANATION
Let C = 100. B = 80. A = 100. Wait: B = 80, A = 1.25 × 80 = 100. So A = C. Hmm, let me recalculate: If B is 20% less than C, B = 0.8C. A is 25% more than B, so A = 1.25B = 1.25 × 0.8C = C. So A = C. But answer says B is correct. Let me verify: A = 1.25B, B = 0.8C. A = 1.25 × 0.8C = C. A/C = 1. So A is 0% more. This doesn't match. The answer should be C.