Profit and Loss MCQ #004784 with Answer | Exambodh

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|A trader sells two bags for equal selling prices. On one he makes 28% profit and on the other 28% loss. What is the net loss percentage?

Quantitative Aptitude

MediumQ. No. 004784

A trader sells two bags for equal selling prices. On one he makes 28% profit and on the other 28% loss. What is the net loss percentage?

Last Updated: 14 Mar 2026

A8.84% Loss

B7.84% Loss

C6.84% Loss

D9.84% Loss

Correct Answer: 6.84% LossYour Answer: C

Explanation

When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=28. Net Loss = (28/10)^2 = 7.84%.

Important Notes

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Profit and Loss

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Answer

6.84% 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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