A person bought an article for ₹ 1240/- and sold it at a loss of 25%. He purchased a new article with that money and sold it at a gain of 40%. Find his overall percentage of profit.
Answer & explanation
Correct answer: option 1
C.P.1 : S.P.1 or C.P.2 : S.P.2
100 : 75 : 105
⇒ C.P.1 : S.P.2
100 : 105 ⇒ 5% (Profit)