issb mathematics MCQ #84

Two books are each sold for Rs 40. On the first there is a 20% gain and on the second a 20% loss. The overall result is:

issb mathematics MCQ #84

  1. Question 1

    Q1. Two books are each sold for Rs 40. On the first there is a 20% gain and on the second a 20% loss. The overall result is:

    • A) No profit, no loss
    • B) 2% profit
    • C) 2% loss
    • D) 4% loss

    Answer: 4% loss

    Explanation: Cost prices are Rs 33.33 and Rs 50, totalling Rs 83.33 against sales of Rs 80. The overall loss is about 4% on the total cost.