A dealer sold 2 Radio sets for Rs.96 each and earns 40% profit on 1st article and 40% loss on 2nd article. Find his total profit or loss.
Answer & explanation
Correct answer: option 3
CP1 = 96 × \(\frac{140}{100}\) = 134.4
CP2 = 96 × \(\frac{100}{60}\) = 160
Total CP = 294.4 (134.4 + 160)
Total SP = 192
Loss = 294.4 - 192 = Rs.102.4