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  9. Q37

CGPSC 2012 · Question 37 of 66

Q42. A furniture seller sells two tables at Rs. 1,500 each. He earned a profit of 20% on one table and suffered a loss of 20% on the other table. Net profit or loss in this deal is:

Basic Numeracy

  1. A4% lossCorrect
  2. B4% profit
  3. CNeither loss nor profit
  4. D10% loss
  5. E10% profit

Answer: A. 4% loss

Explanation

Cost prices are 1500/1.2 = 1250 and 1500/0.8 = 1875 (total 3125) against total selling price 3000 — a loss of 125, i.e. 4%.

Source: CGPSC Prelims 2012 GS Paper-II (held 9-6-2013), solved paper

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