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Profit and Loss


A Shopkeeper sells two articles at Rs. 2000 each, making a profit of 20% on the first article and a loss of 20% on the other. Find the net Profit or loss that he makes?

A. 4%

B. 5%

C. 6%

D. 8%


Answer: Option a

Explanation:

SP of first article = Rs.2000
Profit = 20%
CP * 120% = SP
CP = SP/120% = 2000/(120/100)
             = 5000/3

SP of Second Article = Rs. 2000
Loss = 20%
CP*80% = SP
CP = SP/80% = 2000/(80/100)
            = 2500

CP of both article = 5000/3 + 2500
                   = 2500*(5/3)

Loss = 2500*(5/3) - 4000 = 500/3
% Loss = [(500/3)/2500*(5/3)]*100
       = 4%



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