CSATPercentage, Profit & LossProfit Loss and Discount2014

If Sohan, while selling two goats at the same price, makes a profit of 10% on one goat and suffers a loss of 10% on the other

A

he makes no profit and no loss.

B

he makes a profit of 1%.

C

he suffers a loss of 1%.

D

he suffers a loss of 2%.

Correct Answer: Option C

Explanation

1. **Analyze the Setup**: We have two items sold at the *same selling price*. One gives a 10% profit, and the other a 10% loss.\n2. **Recall the Shortcut**: In this specific case (Same SP, same % gain and loss), the net result is *never* zero or profit. It is *always* a loss. This immediately eliminates Option A (No profit/loss) and Option B (Profit).\n3. **Apply the Formula**: The specific formula for the net loss percentage is: \n $$Loss \\% = \\frac{x^2}{100}$$\n Here, $x = 10$.\n4. **Calculate**: \n $$Loss \\% = \\frac{10^2}{100} = \\frac{100}{100} = 1\\%$$\n5. **Final Check**: The answer is a 1% loss.

More Percentage, Profit & Loss PYQs

View all Percentage, Profit & Loss questions →

Master UPSC Revision

Get 10,000+ topic-wise MCQs, spaced repetition, daily CSAT challenges, and detailed performance analytics.

Coming Soon to Play Store
Coming Soon to Play Store