Q:
A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?
Answer & Explanation
Answer: B) 4%
Explanation: SP of first article = 1000
Profit = 20%
CP = = 5000/6 = 2500/3
SP of second article = 1000
Loss = 20%
CP = = 5000/4 = 1250
Total SP = 2000
Total CP = + 1250 = 6250/3
CP is more than SP, he makes a loss.
Loss = CP-SP = (6250/3)- 2000 = 250/3
Loss Percent == 4%
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