Question

Aman bought 2 articles for Rs. 3,000 each. He sold one article at 5% profit and the other at 10% loss, What is the total profit or loss percentage?

• A. Loss 10%
• B. Loss 2.5%
• C. Profit 2.5%
• D. No profit no loss

Answer 1

Answer:

B. Loss 2.5%

Selling Price at 5% Profit = 3000 × (100 + 5)% = 3150 Selling Price at 10% Loss = 3000 × (100 - 10)% = 2700 Selling price of two articles = 3150 + 2700 = 5850 Cost price of two articles = 2 × 3000 = 6000 Loss Percentage = (6000 - 5850)/6000 × 100 = 150/6000 × 100 = 2.5