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Q.

A shopkeeper sold two watches for Rs.425 each, gaining Question Imageon one and losing Question Imageon the other hand. Then he


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a

Neither gains nor loss

b

GainsQuestion Image

c

LossQuestion Image

d

None 

answer is C.

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Detailed Solution

Concept- If cost price is more than the selling price then there is a loss, if selling price is more then there is a gain, if both selling price and cost price are equal then there is no loss or gain.
To know if it is a gain or loss or none, we should first know the cost price.
Selling price is Rs.425
There’s a gain of Question Imageon one watch.
Question ImageThere’s a loss on another watch.
Question ImageOverall cost price = Question ImageQuestion ImageOverall selling price = Question ImageQuestion ImageCost price exceeds selling price, resulting in a loss.
Question ImageHence, the correct answer is option 3.
 
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