The selling price of two articles is Rs. 800 each. If one article is sold at 10% loss and the other at 10% gain, find the overall profit or loss percent.
- 1
- 2
- 3
- 4
Explanation
Let the cost price of the first article be and the second article be .
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First article sold at 10% loss:
Given ,
0.9=888.89
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Second article sold at 10% gain:
Given:
1.1=727.27
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Total cost price =
-
Total selling price =
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Overall loss = Total CP – Total SP = 1616.16 – 1600 = 16.16
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Overall loss percent =
Answer: 1% Loss
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