A shopkeeper sells two articles, one of them with a profit of 10% for Rs. 1100 and another with a loss of 10% for Rs. 900. What will be the profit or loss percent?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Neither profit nor loss.
| Understanding/Application |
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Cost price of article which was sold with a profit of 10% for Rs. 1100 C1 = (1100 × 100)/110 = Rs. 1000 |
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Cost of other article = (900 × 100)/90 = Rs. 1000 Total S.P. = 1100 + 900 = 2000 Total C.P. = 1000 + 1000 = 2000 Total selling price is equal to total cost price, thus there was neither profit nor loss |