Two articles are bought at the same price. One is sold at 20% profit and the other is sold at 10% loss. The overall profit/loss percentage is:
Two articles are bought at the same price.
Let's assume the cost price of each article is 100y.
So the total cost price of both article = (100y+100y) = 200y  Eq.(i)
One is sold at 20% profit.
The selling price of one article = 100y of (100+20)%
=Â 100y of 120%
= 120y
Other is sold at 10% loss.
The selling price of other article =Â 100y of (100-10)%
=Â 100y of 90%
= 90y
So the total selling price of both article = 120y+90y = 210y   Eq.(ii)
Overall profit percentage =Â $$\frac{\left(Eq.(ii)-Eq.(i)\right)}{Eq.(i)}\times100$$
=Â $$\frac{\left(210y-200y\right)}{200y}\times100$$
= $$\frac{10y}{200y}\times100$$
= 5%
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