alleryA vendor sells two pens at the same price. On one he makes 20% profit, on the other he makes 20% loss. His net result is:
ANo profit no loss
B20% profit
C20% loss
D4% loss
Answer & Solution
Correct answer: D. 4% loss
Equal % gain and loss on two items at same SP gives net loss = (common %)²/100 = 400/100 = 4% loss.
Keep practising Profit and Loss
Browse all Profit and Loss questions for CAT, or explore more Quantitative Reasoning topics.
Related questions
A vendor mixes 20 kg of dal at ₹60/kg with 30 kg at ₹80/kg. He sells the mixture at ₹85/kgA book costs ₹400 and is marked at ₹500. What is the maximum discount the seller can offerA mall offers '25% off + extra 20% off'. What is the single discount equivalent?If the cost price of 12 articles equals the selling price of 10 articles, the profit perceA shopkeeper marks goods 40% above cost and then offers a 10% discount. His profit percentA vendor sells an item at ₹880 making a 10% loss. What was the cost price?A bookstore wants a 30% profit on a book that cost ₹500. At what price should the book be A vendor bought a cycle for ₹2,500 and sold it for ₹3,000. What is his profit percentage?