Question
A man bought two articles for $800 each. He sold one at
a profit of 20% and the other at a loss of 25%. What is the overall profit or loss percentage?Solution
Cost price of each article = 800.  First article: Selling price = 800 + 20% of 800 = 960 Second article: Selling price = 800 - 25% of 800 = 600 Total cost price = 1600. Total selling price = 1560. Loss = 1600−1560 = 40. Loss percentage = 40/1600×100 = 2.5% = 2.5% loss
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