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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 = 1000


Profit = 20%


CP = 100 100 + P × S P = 5000/6 = 2500/3



SP of second article = 1000


Loss = 20%


CP = 100 100 - L × S P = 5000/4 = 1250



Total SP = 2000


Total CP = 2500 3 + 1250 = 6250/3


CP is more than SP, he makes a loss.


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



Loss Percent = 250 3 6250 3 × 100 = 4%


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