Multiple Choice Questions on A shopkeeper sells two articles at Rs 1000 each making a profit of 30 on the first article and a los........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A shopkeeper sells two articles at Rs 1000 each making a profit of 30 on the first article and a los...........

Quantitative Aptitude ( CCS) Profit and loss
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    A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?

    0.85%

    Incorrect Answer

    0.95%

    Correct Answer

    1.05%

    Incorrect Answer

    1.20%

    Incorrect Answer
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    Explanation:

    SP of first article = 1000
    Profit = 30%
    CP = (SP)x[100/(100+P)] = 10000/13

    SP of second article = 1000
    Loss = 20%
    CP = (SP)x[100/(100-L)] = 5000/4 = 1250

    Total SP = 2000

    Total CP = 10000/13 + 1250 = 2019.23

    CP is more than SP, he makes a loss.

    Loss = CP-SP = 2019.23 - 2000 = 19.23
    Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.

    Hence, option 2 is the correct answer.

    By: Amit Kumar
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