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Discussion :: Profit and Loss

  1. A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?
    2. A.
    neither profit nor loss
    B.
    1%
    C.
    2%
    D.
    3%

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    Answer : Option A

    Explanation :

    Profit on first article = 20% of 1000 = 200.
    This is equal to the loss he makes on the second article. That, is he makes neither profit nor loss.

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