SSC CHSL 2021 PYQ — Question 52

The correct answer is Option 4 i.e. Loss,5.76.

Formula Used:

$C.P. = S.P. \times {100 \over (100 +/- P/L)}$

Explanation:

According to the given question,

Cost price at a profit of 24% = $620 \times {100 \over (100 +24)}$ = 500

Also, Cost price at a loss of 24% = $620 \times {100 \over (100 - 24)}$ = 815.8

Now, Total cost price of selling both articles = 500 + 815.8 = 1315.8

Also, total selling price = 620 + 620 = 1240

So, Loss = 1315.8 - 1240 = 75.8

Now, Loss % = ${75.8 \over 1315.8} \times 100$ = 5.76%

Hence the required answer is loss = 5.76%.