Question
Raghav sold two items, 'A' and 'B', each for Rs. 2,000.
He incurred a 20% loss on item 'A' and earned a 25% profit on item 'B'. Calculate the approximate overall percentage of profit or loss.Solution
Cost price of 'A' = (2,000/0.8) = Rs. 2,500 Cost price of 'B' = (2,000/1.25) = Rs. 1,600 Overall cost price = 2,500 + 1,600 = Rs. 4,100 Overall selling price = 2,000 + 2,000 = Rs. 4,000 Overall loss percentage = [(4,100 - 4,000) ÷ 4,100] X 100 = (100/41) = 2(18/41)%
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