A person bought an article for Rs.1000/- and sold it at a loss of 35%. He purchased a new article with that money and sold it at a gain of 40%. Find his overall percentage of profit or loss.
Answer & explanation
Correct answer: option 1
C.P.1 : S.P.1 or C.P.2 : S.P.2
100 : 65 : 91
{65 × 140% = 91}
⇒ C.P.1 : S.P.2
100 : 91 ⇒ 9% (loss)