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

    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?
    A Rs.13 loss Correct Answer Incorrect Answer
    B Rs.10 profit Correct Answer Incorrect Answer
    C Rs.6 profit Correct Answer Incorrect Answer
    D Rs.18 loss Correct Answer Incorrect Answer

    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

    Practice Next
    More Profit and loss Questions
    ask-question