Profit and Loss Practice Test 10

Question : 16 of 28

Marks: +1, -0

A shopkeeper buys two similar articles for Rs 2,000 each. He sells one at a loss of 20%, while the other at a gain of 10%. What is his overall gain or loss per cent?

No loss or gain
5% loss
5% gain
None of these

Validate

Solution:

\table \CP ,\SP ,\SP;2000,\Loss 20%, 2000-20/100× 2000 =\Rs 1600 ;2000 ,\Profit 10%, 2000 +10/100 × 2 000 =\Rs 2200

Total CP of two similar articles = Rs 4,000
Total SP of two similar articles = Rs 1,600 + 2,200 = Rs 3,800
Loss per cent

={SP-CP}/\CP ×100

=200/4000×100=5%\loss

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