Renu bought an article for Rs. 1,240 and sold it at a loss of 25%. With this amount, she bought another article and sold it at a gain of 40%. Her overall percentage profit is:
Show answer & explanation
Correct answer: C
Explanation
Correct Answer is option 3 i.e. 5
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Understanding |
Application |
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The result will not depend upon what cost price is hence, we can assume any CP.
Suppose CP = Rs. 100 |
SP of 1st article = 100 × 0.75 = 75 With this Rs. 75, another article is bought and then sold at 40 gain: SP of 2nd article = 75 × 1.4 = 105 Hence, Overall profit % = [(105 – 100)/100] × 100 = 500/100 = 5% |