A man bought 2 articles for Rs 300 each He sold one article at 5 profit and the other at 10 loss Wha...........

Quantitative Aptitude (MTS) Profit and loss

A man bought 2 articles for Rs 300 each. He sold one article at 5% profit and the other at 10% loss. What is the total profit or loss

percentage?

This questions was previously asked in

SSC MTS 14th October 2021 Shift-1

Loss 2.5%

Loss 10%

No profit no loss

Profit 2.5%

- A man bought two articles, each for Rs 300.

- He sold the first article with a 5% profit. Selling price = 300 + (5% of 300) = 300 + 15 = Rs 315.

- He sold the second article at a 10% loss. Selling price = 300 - (10% of 300) = 300 - 30 = Rs 270.

- Total cost price of both articles = Rs 600. Total selling price = Rs 315 + Rs 270 = Rs 585.

- Total loss = Cost price - Selling price = Rs 600 - Rs 585 = Rs 15.

- Loss percentage = (Total loss / Total cost price) × 100 = (15 / 600) × 100 = 2.5%.

- Correct Answer is Option:1 - Loss 2.5%

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