Profit and Loss MCQ #004776 with Answer | Exambodh

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|A trader sells two kitchen tools for equal selling prices. On one he makes 8% profit and on the other 8% loss. What is the net loss percentage?

Quantitative Aptitude

MediumQ. No. 004776

A trader sells two kitchen tools for equal selling prices. On one he makes 8% profit and on the other 8% loss. What is the net loss percentage?

Last Updated: 14 Mar 2026

A0.64% Loss

B1.64% Loss

C2.64% Loss

D0% Loss

Correct Answer: 1.64% LossYour Answer: B

Explanation

When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=8. Net Loss = (8/10)^2 = 0.64%.

Important Notes

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Profit and Loss

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Answer

1.64% Loss

Exam Info

Asked in: SSC, Railway, Banking and other competitive exams.
Also asked in: RRB NTPC, CHSL, State PCS and online mock tests.
Topic: Profit and Loss

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