A man sold two articles at the same price, one at 10% profit and other at 10% loss. Find his overall result.
Difficulty: Hard
About this MCQ
Hard Profit and Loss Mcqs item. Correct choice: A. 1% loss.
- A. 1% loss ✓
- B. No profit no loss
Why not B: “No profit no loss” is not 1% loss.
- C. 1% profit
Why not C: “1% profit” is not 1% loss.
- D. 2% loss
Why not D: “2% loss” is not 1% loss.
Correct answer
A. 1% loss
Explanation
1% loss (option A) is the accepted answer to “A man sold two articles at the same price, one at 10% profit and other at 10% loss. Find his overall result.”. Option B (No profit no loss) is a different value from 1% loss. Option C (1% profit) is a different value from 1% loss. Option D (2% loss) is a different value from 1% loss. Keep 1% loss as the Profit and Loss Mcqs fact for this stem.
Source: FPSC/NTS Past Papers
Tags: FPSC, Profit and Loss, Trick
Submitted by: MCQsHub Editorial
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