Get Started
1350

Q: 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 ?

  • 1
    0.85 %
  • 2
    0.95 %
  • 3
    1.0 %
  • 4
    1.3 %
  • Show Answer
  • Workspace

Answer : 2. "0.95 %"
Explanation :

Answer: B) 0.95 % Explanation: SP of first article = 1000Profit = 30%CP = (SP)x[100/(100+P)] = 10000/13 SP of second article = 1000Loss = 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 = 19.23Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.

Previous Next
Quantitative Aptitude IIT JEE CAT GATE Bank Exams

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today