Multiple choice

A man purchased two fans for Rs. 1200 each and he sold one at a loss of 5 percentage and other at a profit of 10 percentage, so find the total profit or loss on the whole transaction?

  1. $2.5%$
  2. $3.5%$
  3. $2%$
  4. $4%$
  5. $None of these$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total CP = 1200 + 1200 = 2400. Loss on first fan = 5% of 1200 = 60. SP of first fan = 1140. Profit on second fan = 10% of 1200 = 120. SP of second fan = 1320. Total SP = 1140 + 1320 = 2460. Total profit = 2460 - 2400 = 60. Profit percentage = (60/2400) × 100 = 2.5%. The net transaction yields a 2.5% profit overall.

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