A man bought 2 articles for Rs. 3050 each. He sold one article at 10% loss and another at 20% profit. The total profit/loss percentage he earned is?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 5% profit
|
Concept |
Application |
|
When the result does not depend on the Cost price, we can suppose the any value for cost price. |
Suppose CP of each article = Rs. 100 Total CP = 100 + 100 = 200 Since he sold one article at 10% loss and another at 20% profit: SP of 1st article = 100 × 0.9 = 90 SP of 2nd article = 100 × 1.2 = 120 Total SP = 90 + 120 = Rs. 210 Profit percentage = [(210 – 200)/200] × 100 = 1000/200 = 5% |