Renu bought an article for ₹1,240 and sold it at a loss of 25%. With this amount, she bought another article and sold it at a gain of 40%. Her overall percentage profit is:
As per the given question,
Price of the article =1240 Rs.
Loss percentage =25%
So, the selling price of the article $$=\dfrac{1240\times 75}{100}=310\times 3=930$$Rs.
As per the question, she bought another article from this amount, and the gain percentage=40%
Hence, the selling price of the article $$=\dfrac{930\times 140}{100}=93\times 14=1302Rs.$$
Hence, overall percentage profit$$=\dfrac{(1302-1240)\times 100}{1240}=\dfrac{62\times 100}{1240}=5\%$$
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