Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 28926

Q.  Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?
- Published on 27 Mar 17

a. Loss = 4%
b. Loss = 16%
c. Profit = 16%
d. Profit = 4%

ANSWER: Loss = 4%
 
profit loss

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