A shopkeeper bought 100 pens at Rs 10 each. He sold 60 pens at 20% profit and the rest at 10% loss. What is the overall profit or loss percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 8% profit.
Total CP = 100 × 10 = 1000
60 pens at 20% profit: SP = 60 × 10 × 1.2 = 720
40 pens at 10% loss: SP = 40 × 10 × 0.9 = 360
Total SP = 720 + 360 = 1080
Profit percentage = (80/1000) × 100 = 8%