EgmatQuantExpert wrote:

Q. A seller sold two shoes at the same selling price. If the percentage profit on one of the shoes was 30% and the percentage loss on the other shoe was 30%, find the overall percentage profit or loss made by the seller.

A. 3% loss

B. 3% profit

C. 9% loss

D. 9% profit

E. No profit no Loss

Thanks,

Saquib

Quant Expert

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Let he sold each shoes for Rs 100

then for first shoe ,let original price be x

then @ 30% profit

x(1+30/100)= 100

x~ Rs 77

original price of first shoe = Rs77

similarly for second shoe

let original price be y

y(1-30/100) =100

y~ 142

original price of first shoe = Rs142

so total of original price(CP)= 77+142 = 219

but he sold both for(SP) =Rs 100 +100= 200

Now its clear ,he is making loss

Let a be loss %

then

219(1-a/100) =200

a =~9

he is making loss of 9%

Ans C