Question
Download Solution PDFKrishan bought first and second item for ₹150 and ₹300 respectively. He sold the first item at 20% profit, and the second item at 20% loss. Find his overall profit or loss percentage. (Rounded off to two decimal places)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven data:
Cost of first item = ₹150, Cost of second item = ₹300
Concept:
Calculation of overall profit/loss percentage.
Solution:
Selling price of first item = ₹150 × 1.20 = ₹180
Selling price of second item = ₹300 × 0.80 = ₹240
Total cost = ₹150 + ₹300 = ₹450
Total selling price = ₹180 + ₹240 = ₹420
Overall loss% = [(₹450 - ₹420) / ₹450] × 100 = 6.67%
Therefore, the overall loss percentage is 6.67%.
Last updated on Jun 30, 2025
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