A shopkeeper sold two articles for Rs 10591 each On one he gained 19 and onthe other he lost 11 What...........

Quantitative Aptitude (CGL) Profit and loss

A shopkeeper sold two articles for Rs 10591 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%

Profit 5%

Loss 10%

Loss 2.7%

To find out the overall gain or loss percentage, we need to consider the cost price of each article separately:

- First Article:

- Sold for Rs 10591 with a 19% gain.

- Gain formula: Selling Price = Cost Price + (19/100) * Cost Price

- Solving for Cost Price: Cost Price = 10591 / 1.19.

- Second Article:

- Sold for Rs 10591 with an 11% loss.

- Loss formula: Selling Price = Cost Price - (11/100) * Cost Price

- Solving for Cost Price: Cost Price = 10591 / 0.89.

- Total Cost Price and Total Selling Price:

- Total Selling Price = 10591 * 2.

- Total Cost Price = Cost Price of first article + Cost Price of second article.

- Overall Gain or Loss:

- Gain or Loss = Total Selling Price - Total Cost Price.

- Gain or Loss Percentage = (Gain or Loss / Total Cost Price) * 100.

Correct Answer: Option 1: Profit 1.8%

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