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      Question

      A shopkeeper sold two articles for Rs. 9744 each. On

      selling first article he faces a loss of 16%, while on selling second article he gains 16%. Find overall profit/loss percent of the shopkeeper.
      A 5.56% Correct Answer Incorrect Answer
      B 7.56% Correct Answer Incorrect Answer
      C 2.56% Correct Answer Incorrect Answer
      D 9.56% Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Cost price of first article = 9744/0.16 = Rs. 11600 Cost price of second article = 9744/1.16 = Rs. 8400 Total cost price = 11600 + 8400 = Rs. 20000 Total selling price = Rs. 19488 Loss = 20000 – 19488 = Rs. 512 Loss percentage = 512/20000 × 100 = 2.56%

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