A dealer sold 2 Radio sets for Rs.90 each and earns 25% profit on 1st article and 25% loss on 2nd article. Find his total profit or loss.
Answer & explanation
Correct answer: option 4
CP1 = 90 × \(\frac{125}{100}\) = 112.5
CP2 = 90 × \(\frac{100}{75}\) = 120
Total CP = 232.5 (112.5 + 120)
Total SP = 180
Loss = 232.5 - 180 = Rs.52.5