Multiple choice

A man bought three articles for Rs.3000 each. He sold the article respectively at 10% profit, 5% profit and 15% loss. The total percentage profit/loss is?

  1. 10% loss

  2. 5% loss

  3. 5% profit

  4. No profit no loss
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Total cost = 3000 x 3 = Rs.9000. Profit on first: 10% of 3000 = Rs.300. Profit on second: 5% of 3000 = Rs.150. Loss on third: 15% of 3000 = Rs.450. Net result: 300 + 150 - 450 = 0. Since total profit equals total loss, there is no overall profit or loss.

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