Question
A shopkeeper buys two articles for ₹2,000 each . He sells the first at a profit of 20% and the second at a loss of 10%. What is his overall profit or loss percentage?
Solution
First article: Profit = 20% of 2,000 = 400 → SP₁ = 2,400 Second article: Loss = 10% of 2,000 = 200 → SP₂ = 1,800 Total CP = 4,000 Total SP = 4,200 Net profit = 200 Profit % = (200 / 4,000) × 100 = 5%
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