A shopkeeper sold two articles for ₹ 15625 each. 1st is sold at 15% profit and 2nd is sold at 13% loss. Find his overall profit or loss percent.
Answer & explanation
Correct answer: option 2
Profit of 15% = \(\frac{3}{20}\)
⇒ CP₁ : SP = 20 : 23
Loss of 13% = \(\frac{13}{100}\)
⇒ CP₂ : SP = 100 : 87
CP₁ : SP : CP₂
20 : 23
87 : 100
1740 : 2001 : 2300
Profit/Loss = (4002) - (1740 + 2300) = 38
Loss percent = \(\frac{38}{4040}\) × 100 = 0.94% loss