Ram sells two articles for Rs.740. He sells 1st at 15% loss and 2nd at 25% profit. 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 3
CP : SP 15% = \(\frac{3}{20}\)
1st → 20 : 17 25% = \(\frac{1}{4}\)
2nd → 4 : 5
Multiply 2nd article's ratios by 4 for getting CP of first = SP of 2nd
CP : SP
1st → 20 : 17
2nd → 16 : 20
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36 : 37 Profit = 19 - 18 = 1R
Total SP ⇒ 37R = 740
Profit ⇒ 1R = Rs.20 Ans.