New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A trader sells two articles for ₹450 each. He makes a

    profit of 20% on the first and a loss of 10% on the second. What is his overall profit or loss percentage?
    A 2% loss Correct Answer Incorrect Answer
    B 2.86% profit Correct Answer Incorrect Answer
    C 3% loss Correct Answer Incorrect Answer
    D 3.75% profit Correct Answer Incorrect Answer

    Solution

    Cost price of the first article = Selling price / (1 + Profit%) = 450 / 1.2 = ₹375. Cost price of the second article = Selling price / (1 - Loss%) = 450 / 0.9 = ₹500. Total cost price = ₹375 + ₹500 = ₹875. Total selling price = ₹450 + ₹450 = ₹900. Profit = Selling price - Cost price = ₹900 - ₹875 = ₹25. Profit percentage = (Profit/Cost price) × 100 = (25/875) × 100 ≈ 2.86%. Answer: b)

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