A shopkeeper sells two watches for Rs. 308 ea | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(A) When two items are sold at the same selling price,one at a profit of $x \%$ and the other at a loss of $x \%$,there is always a net loss in the tr

Vedclass · Accepted Answer

$1 \frac{11}{25} \% 	ext{ loss}$

Vedclass · Answer

(A) When two items are sold at the same selling price,one at a profit of $x \%$ and the other at a loss of $x \%$,there is always a net loss in the transaction.The formula for the net loss percentage is given by: $	ext{Loss } \% = \left(\frac{x}{10}ight)^2$.Here,$x = 12$.Substituting the value of $x$ into the formula:$	ext{Loss } \% = \left(\frac{12}{10}ight)^2 = (1.2)^2 = 1.44 \%$.Converting $1.44$ into a fraction:$1.44 = \frac{144}{100} = \frac{36}{25} = 1 \frac{11}{25} \%$.Therefore,the shopkeeper incurs a loss of $1 \frac{11}{25} \%$.

$A$ shopkeeper sells two watches for $Rs. 308$ each. On one watch he earns $12 \%$ profit and on the other he suffers $12 \%$ loss. His profit or loss in the entire transaction was

Similar Questions

$A$ man purchased $150$ pens at the rate of $Rs. 12$ per pen. He sold $50$ pens at a gain of $10 \%$. The percentage gain at which he must sell the remaining pens so as to gain $15 \%$ on the whole outlay is........$\%$

$A$ trader marked the price of his commodity so as to include a profit of $25 \%$. He allowed a discount of $16 \%$ on the marked price. His actual profit was (in $\%$):

$A$ person bought a horse and a carriage for $₹ 20000$. Later,he sold the horse at $20 \%$ profit and the carriage at $10 \%$ loss. Thus,he gained $2 \%$ in the whole transaction. The cost price of the horse was (in $₹$)

The ratio between the selling price and the cost price of an article is $7:5$. What is the ratio between the profit and the cost price of that article?

$A$ man purchased $120$ reams of paper at $Rs. 80$ per ream. He spent $Rs. 280$ on transportation,paid octroi at the rate of $40$ paise per ream,and paid $Rs. 72$ to a porter. In order to gain $8\%$ profit,he must sell each ream of paper for (in $Rs.$):

Vedclass Test Series

Exam Paper Generator

Online Exam Module