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A Shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes?

Correct Answer: 4%

Explanation:

SP of first article = Rs.1000

Profit = 20%

$C P = S P x \frac{100}{100 + P %} = R s . \frac{2500}{3}$

SP of Second Article = Rs.1000

Loss = 20%

$C P = S P x \frac{100}{100 - L %} = R s . 1250$

So, Total SP = Rs.2000; Total CP = Rs.6250/3

As the CP is more than SP, he makes a loss.

Loss = CP - SP = (6250/3) - 2000 = Rs.(250/3)

So, Loss Percent = Lossx100/CP = 4%

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