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Shiv sold two books at the same price. In one, he gets a profit of 12% and on the other he gets a loss of 12%. Find the profit or loss he made in the whole transaction?1. 1% Profit2. 1.4% loss3. 1.4% profit4. 1% loss |
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Answer» Correct Answer - Option 2 : 1.4% loss Given: SP of books is equal. Profit made in one book = 12% Loss incurred in other book = 12% Formula used: Effective % formula = ± x ± y ± xy/100 Calculation: ∵ The SP of the books are same ∴ Using effective percentage formula; Profit/Loss % = 12 - 12 + [12 × (-12)]/100 = (-144)/100 = -1.4% The negative sign indicates a loss. ∴ There is a loss of 1.4% |
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