Question
The cost price of two items, M and N, is Rs. 500 and Rs.
700, respectively. If M is sold at a 15% profit and N at a 12% loss, find the net profit or loss.Solution
ATQ,
Selling price of article M = 500 × 1.15 = Rs. 575
Selling price of article N = 700 × 0.88 = Rs. 616
Overall profit/loss = (575 + 616) - (500 + 700) = 1191 - 1200 = Rs. 9 loss
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