Question

    Two goods, E and F, cost Rs. 400 and Rs. 600, respectively.

    If E is sold at a profit of 18% and F at a loss of 10%, determine the overall profit or loss.
    A Rs.19 loss Correct Answer Incorrect Answer
    B Rs.15 profit Correct Answer Incorrect Answer
    C Rs.22 loss Correct Answer Incorrect Answer
    D Rs.12 profit Correct Answer Incorrect Answer

    Solution

    ATQ,

    Selling price of article E = 400 × 1.18 = Rs. 472

    Selling price of article F = 600 × 0.90 = Rs. 540

    Overall profit/loss = (472 + 540) - (400 + 600) = 1012 - 1000 = Rs. 12 profit

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