Menu
Home / Arithmetic Aptitude / Profit and Loss :: Discussion

Discussion :: Profit and Loss

  1. 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?
    2. A.
    neither profit nor loss
    B.
    3%
    C.
    5%
    D.
    4%

    View Answer

    Workspace

    View Answer

    Answer : Option D

    Explanation :

    SP of first article = 1000
    Profit = 20%
    CP = (SP)*[100/(100+P)] = 5000/6 = 2500/3
    SP of second article = 1000
    Loss = 20%
    CP = (SP)*[100/(100-L)] = 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 =
    0.04 * 100 = 4%

Write your comments here:

Be The First To Comment