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

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BANK PO Exam (Ibps Bank) 2013 click here to view all questions

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$\Large 1\frac{11}{25} \text{% loss}$

B$\Large 1\frac{11}{25} \text{ % gain}$

C$\Large 3\frac{2}{25} \text{ % loss}$

D$\Large 3\frac{2}{25} \text{ % gain}$

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Correct answer is: $\Large 1\frac{11}{25} \text{ % loss}$ Explanation: $\text{= }\Large \left(\frac{Common\ gain\ or\ loss}{10}\right)^{2}$ $= \Large \left(\frac{12}{10}\right)^{2} =\frac{36}{25} = 1\frac{11}{25}$ Nithin ? answered Aug 2 '2022 at 20:54 All Comments

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