Question Details

When a shopkeeper sells item A for ₹ 384, then there is a loss of 20% and when he sells item B for ₹ 400, then there is a profit of 25%. What is the profit/loss percent, if he sells both items for a total of ₹ 852 ?

Options

A

Profit, 6.5%

B

Loss, 5%

C

Loss, 7%

D

Profit, 7.5%

Show Answer

Correct Answer :

Option A

Profit, 6.5%

Solution :

The correct option is Profit, 6.5%.

Let us step-by-step calculate the cost price of both items and determine the overall profit or loss percentage when selling them together.

Step 1: Calculate the Cost Price (CP) of Item A
Item A is sold for Selling Price (SPA) = ₹ 384 at a loss of 20%.
Using the selling price formula for loss:
SPA=CPA×(1-Loss %100)

384=CPA×(1-20100)

384=CPA×0.8

CPA=3840.8=480

Step 2: Calculate the Cost Price (CP) of Item B
Item B is sold for Selling Price (SPB) = ₹ 400 at a profit of 25%.
Using the selling price formula for profit:
SPB=CPB×(1+Profit %100)

400=CPB×(1+25100)

400=CPB×1.25

CPB=4001.25=320

Step 3: Calculate the Total Cost Price and Overall Selling Price
Total Cost Price (Total CP) = CPA + CPB
Total CP=480+320=800

Given total Selling Price (Total SP) = ₹ 852.

Step 4: Calculate the Profit Percentage
Since Total SP > Total CP, there is a profit.
Profit=Total SP-Total CP=852-800=52

Now, calculate the profit percentage:
Profit %=(ProfitTotal CP)×100

Profit %=(52800)×100=528=6.5%

Thus, the overall outcome is a Profit of 6.5%.

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