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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 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes?

A. 4%

B. 0.05

C. 0.06

D. 0.08

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Correct choice: A

Explanation:

SP of first article = Rs.1000 Profit = 20% CP = SP x 100/100+P% = Rs. 2500/3 SP of Second Article = Rs.1000 Loss = 20% CP = SP x 100/100−L% = Rs. 1250 So, Total SP = Rs.2000; Total CP = Rs.6250/3 As the CP is more than SP, he makes a loss. Loss = CP - SP = (6250/3) - 2000 = Rs.(250/3) So, Loss Percent = Lossx100/CP = 4%

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Arithmetic Ability Profit and Loss

Arithmetic Ability
Profit and Loss