Karan sells two articles for Rs.64.5. He sells 1st at 15% profit and 2nd at 20% loss. Find the amount of overall profit/loss if the cost price of 1st article is equal to the selling price of 2nd article.
Answer & explanation
Correct answer: option 1
CP : SP 15% = \(\frac{3}{20}\)
1st → 20 : 23 20% = \(\frac{1}{5}\)
2nd → 5 : 4
Multiply 2nd article's ratios by 5 for getting CP of first = SP of 2nd
CP : SP
1st → 20 : 23
2nd → 25 : 20
———————————
45 : 43 Loss = 45 - 43 = 2R
Total SP ⇒ 43R = 64.5
Profit ⇒ 2R = 3 Ans.