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Banking Sample Paper SBI Junior Associates (Main) Sample Paper Test-2

  • question_answer
    A shopkeeper purchased a watch for Rs.1000 and a pen drive for Rs.500. He sold the watch at a profit of 15% and the pen drive at a loss of 5%. The overall loss or gain is

    A)  loss of Rs.100

    B)  gain of Rs.100

    C)  gain of Rs.125

    D)       loss of Rs.125

    E)  None of these

    Correct Answer: C

    Solution :

    Total cost price =1000+500=Rs.1500 Total selling price\[=1000\times \frac{115}{100}+500\times \frac{95}{100}\] = 1150+475=Rs.1625 \[\therefore \] Overall gain = Rs. (1625 - 1500) = Rs.125


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