A man sells two articles for ₹3800 each. He sells the 1st article at 18.75% profit. At what loss percent he would have sell 2nd article, if there is no loss no profit in the whole transaction?
Answer & explanation
Correct answer: option 3
CP of 1st article = 3800 × \(\frac{100}{118.75}\) = Rs. 3200
Profit = 3800 - 3200 = Rs. 600
He should sell another article at Rs. 600 loss
Hence the C.P. of 2nd article = 3800 + 600
= 4400
Loss % = \(\frac{600}{4400}\) × 100 = 13.63%