Question
The cost price of two articles, X and Y, is Rs. 200 and Rs. 300, respectively. If article X is sold at a profit of 20% while article Y is sold at a loss of 10%, then what is the overall profit/loss?
Solution
ATQ,
(Selling price of article X = 200 × 1.20 = Rs. 240
Selling price of article Y = 300 × 0.90 = Rs. 270
Overall profit/loss = (240 + 270) - (200 + 300) = 510 - 500 = Rs. 10 profit
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