Mohit sells two articles for Rs.855. He sells 1st at 10% 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 10% = \(\frac{1}{10}\)
1st → 10 : 9 25% = \(\frac{1}{4}\)
2nd → 4 : 5
Multiply 2nd article's ratios by 2 for getting CP of first = SP of 2nd
CP : SP
1st → 10 : 9
2nd → 8 : 10
18 : 19 Profit = 19 - 18 = 1R
Total SP ⇒ 19R = 855
Profit ⇒ 1R = 45 Ans.