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.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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