Sonia purchases some pen @11 pen for Rs.12 and she sells all the pen @12 pen for Rs.11. Find overall profit or loss %.
Answer & explanation
Correct answer: option 3
Price : Qty
Buy : 12 : 11 ......(i)
Sell : 11 : 12 ......(ii)
(i) × 12 & (ii) × 11, to make the equal quantity.
Price : Qty
Buy : 144 : 132
Sell : 121 : 132
Here,
C.P. of 132 articles = Rs.144
S.P. of 132 articles = Rs.121
Loss = 144 - 121 = Rs.23
Hence,
Loss percent = \(\frac{23}{144}\) × 100 = 15.9%