A shopkeeper sold two articles for ₹10591 each. On one he gained 19% and on the other he lost 11%. What was his overall gain or loss percent (correct to one decimal place)?
Answer & explanation
Correct answer: option 1
According to the question,
CP SP
1st 100 119 ----(1)
2nd 100 89 ----(2)
SP same
Multiply by 89 in equation 1, and multiply by 119 in equation 2
CP SP
1st 100 119) × 89
2nd 100 89)× 119
CP SP
1st 8900 10591
2nd 11900 10591
———————————————
20800 21182 = 382 Profit
Profit% = \(\frac{382 × 100}{20800}\) = 1.8%