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Arithmetic Ability
Profit and Loss

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A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?

A. 0.008500000000000001

B. 0.0095

C. 1.0%

D. 1.3 %

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Correct choice: B

Explanation:

SP of first article = 1000 Profit = 30% CP = (SP)x[100/(100+P)] = 10000/13 SP of second article = 1000 Loss = 20% CP = (SP)x[100/(100-L)] = 5000/4 = 1250 Total SP = 2000 Total CP = 10000/13 + 1250 = 2019.23 CP is more than SP, he makes a loss. Loss = CP-SP = 2019.23 - 2000 = 19.23 Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.

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Arithmetic Ability Profit and Loss

Arithmetic Ability
Profit and Loss