Rohit sells two articles for Rs.75. He sells 1st at 20% loss and 2nd at 25% profit. Find the amount of overall profit/loss if the cost price of 1st article is equal to the selling price of 2nd article.
Answer & explanation
Correct answer: option 3
CP : SP 20% = \(\frac{1}{5}\)
1st → 5 : 4 25% = \(\frac{1}{4}\)
2nd → 4 : 5 (CP of first = SP of 2nd)
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9 = 9
No profit no loss. = 0