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A man sells two articles for Rs.3600 each and he gains 30% on the first and loses 30% on the next. Find his total gain or loss?

Correct answer: A. 9% loss

  • A. 9% loss
  • B. 400
  • C. 4000
  • D. 324Islamic Studies Quiz

Explanation

For the first article, cost price is Rs.3,600/1.3, and for the second it is Rs.3,600/0.7. When equal selling prices have equal profit and loss percentages of 30%, the combined loss is 30% x 30% = 9%, so the result is a 9% loss. Students often choose Rs.400 by confusing the individual difference in profit and loss with the percentage result.

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About Profit and Loss

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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