A person sold two different items at the same price. He made 10% profit in one item and 10% loss in the other item. In s...

Question

A person sold two different items at the same price. He made 10% profit in one item and 10% loss in the other item. In selling these two items, the person made a total of:

A. 1% profit
B. 2% profit
C. 1% loss
D. 2% loss

Accepted Answer

Net result is a 1% loss (Option C) When two items are sold at the same selling price, one at a profit and one at a loss by the same percentage, there is always a net loss. This is a classic trap: the cost prices differ because the same percentage applies to different bases. The item sold at a loss had a higher cost price than the item sold at a profit, so the loss amount (in rupees) exceeds the profit amount.

A person sold two different items at the same price. He made 10% profit in one item and 10% loss in the other item. In selling these two items, the person made a total of: A. 1% profit B. 2% profit C. 1% loss D. 2% loss