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A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?

0.85 %
0.95 %
1.0 %
1.3 %

Correct Answer: 0.95 %

Explanation:

SP of first article = 1000
Profit = 30%
CP = (SP)x[100/(100+P)] = 10000/13

SP of second article = 1000
Loss = 20%
CP = (SP)x[100/(100-L)] = 5000/4 = 1250

Total SP = 2000

Total CP = 10000/13 + 1250 = 2019.23

CP is more than SP, he makes a loss.

Loss = CP-SP = 2019.23 - 2000 = 19.23
Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.

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