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A shopkeeper sold two articles for Rs 9831 each. On one he gained 13% and on the other, he lost 13%. What is the overall percentage
gain or loss?
1.69% gain
6.5% gain
6.5% loss
1.69% loss
- A shopkeeper sold two articles at Rs 9831 each.
- For the first article, he gained 13%, meaning the selling price is 113% of the cost price.
- Let the cost price of the first article be Rs x.
- Then, x×1.13=9831.
- Solving for x, we get x=8700.
- For the second article, he lost 13%, meaning the selling price is 87% of the cost price.
- Let the cost price of the second article be Rs y.
- Then, y×0.87=9831.
- Solving for y, we get y=11300.
- Total cost price = Rs 8700 + Rs 11300 = Rs 20000.
- Total selling price = Rs 9831 + Rs 9831 = Rs 19662.
- Overall loss = Rs 20000 - Rs 19662 = Rs 338.
- Overall loss percentage = (338/20000)×100=1.69%.
Correct Answer: Option 4: 1.69% loss
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