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DIRECTIONS: Choose the most appropriate answer.
Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?
- a)2.25%
- b)3%
- c)4%
- d)No profit, no loss
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, on...
Let x be the cost price of T.V.
loss = 15%
then, S.P.1 = x – 15% of x = 0.85x
Profit = 15%
then, S.P2 = x + 15% of x = 1.15x
total S.P = 0.85 x + 1.15x = 2x
Profit = 2x – 2x = 0
No profit, no loss
loss = 15%
then, S.P.1 = x – 15% of x = 0.85x
Profit = 15%
then, S.P2 = x + 15% of x = 1.15x
total S.P = 0.85 x + 1.15x = 2x
Profit = 2x – 2x = 0
No profit, no loss
Most Upvoted Answer
DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, on...
Always whenever there is equal profit and loss on selling a particular product there is always a loss given by the formula:
Loss =( equal loss or gain percentage)²/ 100
Therefore the answer should be a.
Loss =( equal loss or gain percentage)²/ 100
Therefore the answer should be a.
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DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, on...
Loss and Profit Calculation:
The question states that A sells 2 TV sets, one at a loss of 15% and another at a profit of 15%. To find the overall loss/gain percentage in the transaction, we need to calculate the net result of the two transactions.
Calculation for the TV sold at a loss:
Let's assume the cost price of the TV set sold at a loss is x.
A loss of 15% on the cost price would be 0.15x.
Therefore, the selling price of this TV set would be x - 0.15x = 0.85x.
Calculation for the TV sold at a profit:
Let's assume the cost price of the TV set sold at a profit is y.
A profit of 15% on the cost price would be 0.15y.
Therefore, the selling price of this TV set would be y + 0.15y = 1.15y.
Overall Gain/Loss Calculation:
To find the overall gain or loss percentage, we need to compare the total cost price with the total selling price.
Total cost price = x + y
Total selling price = 0.85x + 1.15y
Now, let's calculate the overall gain/loss percentage using the formula:
Gain/Loss percentage = ((Total selling price - Total cost price)/Total cost price) * 100
Substituting the values, we get:
((0.85x + 1.15y - (x + y))/(x + y)) * 100
= ((-0.15x + 0.15y)/(x + y)) * 100
Simplifying further:
= ((0.15(y - x))/(x + y)) * 100
As we do not have any specific values for x and y, we cannot calculate the exact gain/loss percentage. Therefore, the correct answer is option 'D' - No profit, no loss.
Explanation:
In this scenario, the loss on one TV set is exactly offset by the profit on the other TV set. This means that the overall transaction does not result in any gain or loss. The selling price of the TV set sold at a loss is equal to the cost price of the TV set sold at a profit. Hence, the net result is no profit, no loss.
The question states that A sells 2 TV sets, one at a loss of 15% and another at a profit of 15%. To find the overall loss/gain percentage in the transaction, we need to calculate the net result of the two transactions.
Calculation for the TV sold at a loss:
Let's assume the cost price of the TV set sold at a loss is x.
A loss of 15% on the cost price would be 0.15x.
Therefore, the selling price of this TV set would be x - 0.15x = 0.85x.
Calculation for the TV sold at a profit:
Let's assume the cost price of the TV set sold at a profit is y.
A profit of 15% on the cost price would be 0.15y.
Therefore, the selling price of this TV set would be y + 0.15y = 1.15y.
Overall Gain/Loss Calculation:
To find the overall gain or loss percentage, we need to compare the total cost price with the total selling price.
Total cost price = x + y
Total selling price = 0.85x + 1.15y
Now, let's calculate the overall gain/loss percentage using the formula:
Gain/Loss percentage = ((Total selling price - Total cost price)/Total cost price) * 100
Substituting the values, we get:
((0.85x + 1.15y - (x + y))/(x + y)) * 100
= ((-0.15x + 0.15y)/(x + y)) * 100
Simplifying further:
= ((0.15(y - x))/(x + y)) * 100
As we do not have any specific values for x and y, we cannot calculate the exact gain/loss percentage. Therefore, the correct answer is option 'D' - No profit, no loss.
Explanation:
In this scenario, the loss on one TV set is exactly offset by the profit on the other TV set. This means that the overall transaction does not result in any gain or loss. The selling price of the TV set sold at a loss is equal to the cost price of the TV set sold at a profit. Hence, the net result is no profit, no loss.
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DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer?
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DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer?.
DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for DIRECTIONS: Choose the most appropriate answer.Q. A sell 2 TV sets, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?a)2.25%b)3%c)4%d)No profit, no lossCorrect answer is option 'D'. Can you explain this answer?.
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