Two articles are sold at the same price. One at a profit of 75% and another one at a loss of 30%.
Posted on 17-03-2023
Ques - Two articles are sold at the same price. One at a profit of 75% and another one at a loss of 30%.What is the overall profit or loss?
(a) 22.5% profit
(b) 57.5% profit
(c) 13(2/7)% loss
(d) none of these
Solution -
Let,
SP1 = 700
Now,
There is a profit of 75% on first article.
175% of CP1 = 700
CP1 = 700 × (100/175)
CP1 = 400
SP2 = 700
Now,
There is a loss of 30% on another article.
70% of CP2 = 700
CP2 = 700 × (100/70)
CP2 = 1000
Total CP = CP1 + CP2
= 400 + 1000
= 1400
Total SP = SP1 + SP2
= 700 + 700
= 1400
So,
Overall profit or loss = SP - CP
= 1400 - 1400
= 0
Therefore,
There is no profit no loss.
Hence,
The correct answer is option (d) none of these.
Thank You