Question
A shopkeeper sold two articles for Rs. 9516 each. On
selling first article he faces a loss of 22%, while on selling second article he gains 22%. Find overall profit/loss percent of the shopkeeper.Solution
Cost price of first article = 9516/0.78 = Rs. 12200 Cost price of second article = 9516/1.22 = Rs. 7800 Total cost price = 12200 + 7800 = Rs. 20000 Total selling price = Rs. 19032 Loss = 20000 – 19032 = Rs. 968 Loss percentage = 968/20000 × 100 = 4.84%
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