model 8 two article sold in different rates Section-Wise Topic Notes With Detailed Explanation And Example Questions

Question : 1

A shopkeeper sells two T.V. sets at the same price. There is a gain of 20% on one TV and a loss of 20% on the other. State which of the following statement is correct :

a) The shopkeeper loses by 4%

b) The shopkeeper gains by 4%

c) The shopkeeper loses by 2%

d) The shopkeeper makes no net gain or profit

Question : 2

A person sells two machines at Rs.396 each. On one he gains 10% and on the other he loses 10%. His profit or loss in the whole transaction is :

a) 8% profit

b) 1% profit

c) 1% loss

d) no gain no loss

Question : 3

A man sells two pipes at Rs.12 each. He gains 20% on one and loses 20% on the other. In the whole transaction, there is

a) Profit of Rs.2

b) loss of Rs.1

c) profit of Rs.1

d) neither loss nor gain

Question : 4

Kewal sells two tape recorders at the same price. On one, he gains 10% and on the other he loses 10%. The total gain or loss in the transaction is

a) 2% loss

b) No loss or gain

c) 1% loss

d) 1% gain

Question : 5

A car and a jeep were sold for Rs.121000 each. The car was sold at a loss of 20% while the jeep at a gain of 20%. The entire transaction resulted in

a) gain of Rs.500

b) loss of Rs.10000

c) gain of Rs.1000

d) neither loss nor gain

Question : 6

A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and the rest was sold at the cost price. In the total transaction his gain or loss will be

a) 15% loss

b) 10% gain

c) 25% loss

d) 20% gain