state gov Odisha Police SI Mock Test 2025 Quantitative Aptitude Profit and Loss Successive Selling

A merchant bought 1200 items for ₹1,800 and he sold them at the rate of 1000 for ₹1,600. Calculate gain or loss percentage.

1
\(\frac{20}{3} \)% loss
2
\(\frac{30}{7} \)% loss
3
\(\frac{20}{3} \)% gain
4
\(\frac{30}{7} \)% gain
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