Multiple choice

Selling price of article A is 150% of selling price of article B. If the profit on selling article A is 20% and loss on selling article B is 20%. Find the total profit or loss percentage on selling both articles.

  1. 4% Profit

  2. 4% loss

  3. 5% Profit

  4. No profit no loss

  5. 5% Loss
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Let SP of B = x. Then SP of A = 1.5x. CP of A = SP_A ÷ 1.20 = 1.5x ÷ 1.20 = 1.25x. CP of B = SP_B ÷ 0.80 = x ÷ 0.80 = 1.25x. Total CP = 1.25x + 1.25x = 2.5x. Total SP = 1.5x + x = 2.5x. Since Total CP = Total SP, there is no profit and no loss.

Keep practicing — related questions