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    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.
    A Rs.9 loss Correct Answer Incorrect Answer
    B Rs.5 profit Correct Answer Incorrect Answer
    C Rs.5 loss Correct Answer Incorrect Answer
    D Rs.18 loss Correct Answer Incorrect Answer

    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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