📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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?
    A 2.5% profit Correct Answer Incorrect Answer
    B 5% profit Correct Answer Incorrect Answer
    C 5% loss Correct Answer Incorrect Answer
    D 2.5% loss Correct Answer Incorrect Answer

    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

    Practice Next
    More Profit and loss Questions
    ask-question