Question
A trader bought two articles for ₹2,000 and ₹3,000.
He sold the first article at a profit of 20% and the second article at a loss of 10%. What is the overall profit or loss percentage?Solution
Selling price of the first article = 2000 + 20% of 2000 = ₹2400. Selling price of the second article = 3000 - 10% of 3000 = ₹2700. Total cost = 2000 + 3000 = ₹5000. Total selling price = 2400 + 2700 = ₹5100. Profit = 5100 - 5000 = ₹100. Profit percentage = (100/5000) × 100 = 2%. Answer: c) 2% profit
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