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: A) 4%
Explanation: SP of first article = Rs.1000
Profit = 20%
SP of Second Article = Rs.1000
Loss = 20%
So, Total SP = Rs.2000; Total CP = Rs.6250/3
As the CP is more than SP, he makes a loss.
Loss = CP - SP = (6250/3) - 2000 = Rs.(250/3)
So, Loss Percent = Lossx100/CP = 4%
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