Cost price of two articles is same. 1st is sold at 20% profit and 2nd is sold at 30% loss. Find overall profit or loss percentage in this transaction.
Answer & explanation
Correct answer: option 2
Let CP of each article = Rs. 100
Profit = 100 x 20% = 20
Loss = 100 x 30% = -30
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Overall profit/loss = -10
Required percentage = \(\frac{10}{200}\) x 100 = 5%