Profit and Loss - Arithmetic Aptitude Questions and Answers

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If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is?

1.44% loss

14.4% profit

14.4% loss

None of these

Answer : Option A

Explanation :

SP of each car is Rs. 325475, he gains 12% on first car and losses 12% on second car.

In this case, there will be loss and percentage of loss is given by = [(profit%)(loss%)]/100 = (12)(12)/100 % = 1.44%

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