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.
    A 4(3/7)% loss Correct Answer Incorrect Answer
    B 3(5/18)% profit Correct Answer Incorrect Answer
    C 2(18/41)% loss Correct Answer Incorrect Answer
    D 5(6/11)% loss Correct Answer Incorrect Answer
    E 6(1/11)% profit Correct Answer Incorrect Answer

    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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