Paper 1 · Mathematical Reasoning and Aptitude
UGC NET December 2022 (22.02.2023) Shift-I
A shopkeeper sold two articles at Rs 12000 each. He sold one article at a profit of 20 percent and the other at a loss of 20 percent. What is the net gain or loss to the shopkeeper?
AA loss of Rs 1000 ✓ Correct
BA gain of Rs 1000
CA loss of Rs 3000
DA loss of Rs 1500
Correct answer: (A) A loss of Rs 1000 — There is a net loss of Rs 1000, so the answer is a loss of Rs 1000.
Explanation
★There is a net loss of Rs 1000, so the answer is a loss of Rs 1000.
★The article sold at 20 percent profit had a cost of 12000 times 100 over 120, which is 10000.
★The article sold at 20 percent loss had a cost of 12000 times 100 over 80, which is 15000.
★So the total cost of both is 10000 plus 15000, which is 25000.
★The total selling price of both is 12000 plus 12000, which is 24000.
★The difference is 25000 minus 24000, a loss of 1000.
★So there is a net loss of Rs 1000.
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