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      Question

      D-Mart sold two toys - one at 10% loss and another at

      20% profit. What is the percent profit or loss if the cost prices of the toys are in the ratio 3:2?
      A 5% profit Correct Answer Incorrect Answer
      B 2% profit Correct Answer Incorrect Answer
      C 2% loss Correct Answer Incorrect Answer
      D 5% loss Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Let the cost prices of the toys be β‚Ή300 and β‚Ή200 respectively. Selling price of the first toy = 300 * 0.9 = β‚Ή270 Selling price of the second toy = 200 * 1.2 = β‚Ή240 Total cost price of both the toys = 300 + 200 = β‚Ή500 Total selling price of both the toys = 270 + 240 = β‚Ή510 ∴ Total profit = β‚Ή10 ∴ Profit% = 10/500 * 100 = 2%

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