Skip to content
GATEiit

GATE CSE 2024 Session 2 Q7: Net result of 10% profit and 10% loss at the same selling price

Question

A person sold two different items at the same price. He made 10% profit in one item, and 10% loss in the other item. In selling these two items, the person made a total of

Try it: multiple choice: exactly one correct option

Select one option
Wrong answer costs 2/3 mark in GATE.
Show answer and explanation

Answer: C (official GATE 2024 final answer key)

Concept used: Equal selling prices with equal percentage gain and loss always give a net loss of (p/10)2%(p/10)^2\%.

First step: Take selling price 99: cost prices are 90 and 110, total cost 200 against total revenue 198.

Full step-by-step solution

Detailed working, common mistakes and linked mock tests will be available with a free GATEiit account. Log-in is coming soon.

Share this question

WhatsAppDownload image

Source: official GATE 2024 Session 2 CS question paper and final answer key, organised by IISc Bangalore. Question paper · Answer key

More General Aptitude PYQs

PracticePractise General Aptitude questions →Full paperAll GATE CSE 2024 Session 2 questions →