Question

A manufacturer produces 500 units of a certain product, with each unit costing him Rs 120 to produce. Out of these, he sells 300 units at a profit of 15%, while the remaining 200 units are sold at a loss of 5%. Calculate the overall percentage of profit or loss on the total transaction.

A 12% profit
B 7% profit
C 8% loss
D 9% profit
E 6% loss
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