If 60 percent of total articles are sold at a loss of 20 percent and remaining articles are sold at a profit of 5 percent, then what will be the overall loss percentage?
Answer & explanation
Correct answer: option 1
Let the total quantity = 100
60% = 60 sold at 20% loss
and 40% = 40 sold at 5% profit
CP SP
60% 60 48
40% 40 42
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100 90
Loss = 100 - 90 = 10
Loss% = \(\frac{10 × 100}{100}\) = 10%