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 ?
Correct Answer :
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:
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:
Step 3: Calculate the Total Cost Price and Overall Selling Price
Total Cost Price (Total CP) = CPA + CPB
Given total Selling Price (Total SP) = ₹ 852.
Step 4: Calculate the Profit Percentage
Since Total SP > Total CP, there is a profit.
Now, calculate the profit percentage:
Thus, the overall outcome is a Profit of 6.5%.
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