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      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

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