Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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)?

Options:

Profit 1.8%

Profit 5%

Loss 10%

Loss 2.7%

Correct Answer:

Profit 1.8%

Explanation:

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%