Bissoy.com
Doctors Medicines MCQs Q&A

Last year Mr. A bought two paintings. This year he sold them for Rs. 20000 each. On one, he made a 25% profit and of the other he had a 25% loss. Then his net profit or loss is = ?

Last year Mr. A bought two paintings. This year he sold them for Rs. 20000 each. On one, he made a 25% profit and of the other he had a 25% loss. Then his net profit or loss is = ? Correct Answer He lost more than Rs. 2000

$$25\% = \frac{1}{4}$$
   Cost Price   Selling Price   Profit/Loss 
I   4x3 5x3 3
II   4x5 3x5 -5


Selling price = 15 units, (Profit / Loss)
= 3 - 5 = -2 units (loss)
∴ 15 unit = 20000 (Selling price)
$$\eqalign{ & 1{\text{ unit}} = \frac{{20000}}{{15}} \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1333.33 \cr} $$
Loss = 2 units = 1333.33 × 2 = 2666.66
So, loss more than Rs. 2000

Related Questions

Seven friends, Anil, Sunil, Rohit, Puja, Shalini, Pradhi and Gaurav bought seven cars during a week but each one bought their cars on a different day of the week. Each of them also bought a different brand of car. The brands are: Maruti, Honda, Toyota, Renault, Tata, Mahindra and Hyundai. Consider the week stated on a Monday and ended on the following Sunday. The following information are known: Rohit bought a Hyundai on Monday On Sunday, one of them bought a Renault. Shalini bought her car just the day after Anil and just the day before Gaurav Anil bought a Mahindra car Puja bought a Tata car on Friday Sunil did not buy either a Toyota or a Renault Gaurav bought a Maruti On which day did Shalini buy her car and what was the brand of her car?
A sold a table to B at a profit of 40%, B sold it to D at a profit of 60%. W sold a chair L to X at the loss of 20%, X sold it to P at a loss of 30% and finally P sold it to G at a loss of 50%. Price at which D bought the table from B and the Price at which P bought the chair from X is same. If the price at which W bought the chair is Rs. 600, then at what price D bought table?
Last year Jaman bought two lamps. This year he sold them for BDT 2000 each . On one lamp, he made 25% profit and on the other lamp he had 25% profit and on the other lamp he had 25% loss, 'What was his net loss or profit? -
Paddy transplantation in Punjab is a very hard labor-intensive back-breaking job. In the transplant season, teams of special people swarm the entire rural landscape employed by the farmers and can be seen laboring away in the fields under the hot sweltering sun. Farmer Jagtar Singh has a full-time help at his sprawling farm who goes by the name of Hari, and who hails from Allahabad, UP. During the paddy transplant season, it is up to Hari to rope in his brothers, sons, and cousins from his native village to complete the task well in time. All his people are skillful and masters of the trade and equally efficient at their jobs. So, this past season, this is how the work went. Hari started the work and after 't' hours was joined in by his brother Jaggi. After another 't' hours, Neelu, their cousin, also jumped into the fray. So, after every 't' hours, 1 person kept on joining the team of already working men, and this process kept on continuing till the completion of the work. The last person worked for 't' hours. In the last season, the very same men had completed the same work working 2 shifts of 12 hours all of them working simultaneously owing to some peculiar weather conditions and time constraints. Jagtar Singh is a fair and just paymaster which is why he faces no labor shortage at this crucial time and which is why the whole 'Hari clan' are more than happy to work for him and are at his beck and call. He pays each of them individually proportional to the work done by them. This time around, Hari received 11 times as much as Surinder, his eldest son, who was the last person to join in. In how much time was the work completed?
Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: Two items sold at Rs. 450 each, one at a loss of 10% and other at a gain of 20%. Find the overall profit/loss amount. Quantity B: A man bought a TV with 5% discount on marked price of Rs. 60000. He again sold it to his friend with 2% profit on marked price of TV. What profit he had from whole transaction?
A company sold six different cars Swift, Santro, Creta, Audi, I10 and Magna during a period of Monday to Saturday. Only one car was sold on a particular day. No car was sold twice. Atleast four cars were sold after the car Santro. The car Magna was sold on Tuesday. The car Audi was sold immediately after the car Creta and car Creta was sold atleast before three cars. Both the cars Santro and I10 were sold atleast before one car. On which day was Swift car sold?
The table shows the annual expenses on various heads made by a firm during 2014 - 2018. What is the average expenditure per head of 2016? Year Particulars Raw Materials Wages Administration Delivery Finance 2014 50000 15000 40000 20000 20000 2015 90000 20000 40000 25000 25000 2016 45000 22500 47500 25000 25000 2017 60000 20000 40000 25000 40000 2018 7500 25000 50000 30000 45000
Mohit sold his two bikes. 1st one was sold at a profit of 25% and the other one was sold at 20% loss. If selling price of each of the bike was Rs. 100000, what is Mohit’s net profit or loss amount?
Each question below is followed by two statements I and II. You have to determine whether the data given in the statements are sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. The combined cost of three articles in a shop is Rs.4200. Two article sold at profit of 25% and 12.5% and third article is sold such that there is a loss of Rs.630. What is the loss percentage incurred on third article. I. The difference between cost price of highest article and lowest article is Rs.600. The costliest article is sold at a loss.  II, The cheapest item is sold at 25% profit. The the price of one of that article is the average price of the cheapest and costliest item.
Deepak found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for ` 50more, he would have made a profit of 5%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 5% profit ?