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.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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