A shopkeeper sold two articles for Rs10591 each. On one he gained 19% and onthe other he lost 11%. What was his overall gain
or loss percent(correct to one decimalplace)?
This questions was previously asked in
SSC CGL 13th August 2021 Shift-2
Profit 1.8%
Correct AnswerProfit 5%
Incorrect AnswerLoss 10%
Incorrect AnswerLoss 2.7%
Incorrect AnswerExplanation:
- Article 1: Gain of 19%
- Selling price: Rs 10,591
- Let cost price be Rs X
- 1.19X = 10,591
- X = 10,591 / 1.19 = Rs 8,900
- Article 2: Loss of 11%
- Selling price: Rs 10,591
- Let cost price be Rs Y
- 0.89Y = 10,591
- Y = 10,591 / 0.89 = Rs 11,900
- Total cost price = Rs 8,900 + Rs 11,900 = Rs 20,800
- Total selling price = Rs 10,591 + Rs 10,591 = Rs 21,182
- Overall Profit = Rs 21,182 - Rs 20,800 = Rs 382
- Profit Percentage = (Profit / Total Cost Price) x 100
- = (382 / 20,800) x 100
- = 1.84%
Therefore, the correct option is:
- Option 1: Profit 1.8%
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By: santosh