A trader sells two items. On the first item, he makes a profit of 15%, and on the second item, he incurs a loss of 10%. If the selling price of both items is the same (₹3450 each), what is his overall profit or loss percentage on the entire transaction?
Show answer & explanation
Correct answer: B
Explanation
Cost price of the first item = 3450 / 1.15 = ₹3000
Cost price of the second item = 3450 / 0.90 = ₹3833.33
Total cost price = 3000 + 3833.33 = ₹6833.33
Total selling price = 3450 + 3450 = ₹6900
Profit = 6900 − 6833.33 = ₹66.67
Profit % = (66.67 / 6833.33) × 100 = 0.98%