A shopkeeper sold two articles for Rs 10591 each. On one he gained 19% and on the other he lost 11%. What was his overall gain or loss percent (correct to one decimal place)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Profit 1.8%
Selling Price of 2 articles = Rs. 10591
Cost Price of first article = Rs. (10591 × 100/119)
⇒Rs. 8900
Cost Price of second article = Rs. (10591 × 100/89)
⇒ 11900
Total Selling Price of both the article = 10591 × 2 = 21182
Total Cost Price of both the article = 8900 + 11900 = 20800
Total Profit = 21182 – 20800 = 382
Profit percentage = (382/20800 × 100)
⇒ 1.83%