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Railways PYQCBT 1 2016

RRB NTPC · Question 24

Megamart sells one pressure cooker at a profit of 30% and the other at a loss of 30% and each has an equal selling price of Rs. 900. What is the percentage of profit/loss earned by Megamart (approx value)? A. 10% B. 4% C. 9% D. 8%

  1. D

  2. C

  3. B

  4. A

Show answer & explanation

Answer: (B) C

Explanation

When two items are sold at the same price, one at x% profit and the other at x% loss, there is always a loss of x²/100 % = 30²/100 = 9%.