Question 35

An article costing Rs.1000 is sold at 5% loss and another article purchased with the money got was again sold at 5% gain. Was there a loss or gain and how much?

Solution

purchased articles for rs.1000

He sold at 5% loss

Cost -Loss = Selling Price

SP=100%-5%=95%

$$SP=\frac{95\times1000}{100}$$

SP=950

Again purchased article for rs. 950

He sold at 5% gain

Cost +profit = Selling Price

SP=100%+5%=105%

$$SP=\frac{105\times950}{100}$$

$$SP=997.5$$

Total loss occur= 1000-997.5

=2.5

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