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Home Aptitude Profit and Loss See What Others Are Saying!
  • Question
  • 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?


  • Options
  • A. 4%
  • B. 5%
  • C. 6%
  • D. 8%

  • Correct Answer
  • 4% 

    Explanation

    SP of first article = Rs.1000

     

    Profit = 20%

      C P   =   S P   x   100 100 + P %   =   R s .   2500 3

    SP of Second Article = Rs.1000

     Loss = 20%

      C P   =   S P   x   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%

     

     

  • Tags: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO

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