1.

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

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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