A man bought 2 articles for ₹3050 each. He sold onearticle at 10% loss and another at 20% profit. The total profit/loss percentage he earned is:
Two articles for 3050 each
For first article
20% profit or gain means. SP = cost price + 20%of CP(cost price)
=3050 + 20/100 ×3050
=3050 +610 =3660
Similarly for
Second article
10% loss means SP (SELLING PRICE)=3050(CP)- (subtracting because it is loss) 10% of CP
= 3050-10/100 ×3050 =2745
now you asked overall gain or loss
So total money spent =3050+3050=6100
total money got = 3660 + 2745 =6405
So clearly it is profit or gain
Now how much profit you gain
=total money got- total money spend
=6405 - 6100= 305
now gain percentage =profit ÷CP×100=305 /6100×100=5% gain
Create a FREE account and get: