Krishan bought first and second item for ₹150 and ₹300 respectively. He sold the first item at 20% profit, and the second item at 20% loss. Find his overall profit or loss percentage. (Rounded off to two decimal places)
Show answer & explanation
Correct answer: A
Explanation
The Correct answer is Option 1 i.e. Loss 6.67%.
Krishan bought the first and second items for ₹150 and ₹300 respectively
He sold the first item at 20% profit
Thus,
S.P. of the first item = 150 × 120/100 = Rs.180
S.P. of the second item = 300 × 80/100 = Rs.240
Total S.P. = 180 + 240 = Rs.420
Total C.P. = 150 + 300 = Rs.450
When,
C.P. > S.P. then, loss occurs
Loss% = (450 - 420)/450 × 100 = 30/450 × 100 = 6.67%