Question

. A man purchases two articles, each for the same
price 600. He earns 20% profit on the first and
incurs 20% loss on the second. What would be his approximate overall percent profit or percent loss
​

Answer 1

Step-by-step explanation:

first article:

sp = cp(1+g%)

sp = 600(1+20%) = 600(1+0.2) = 1.2×600 = 720

second article:

sp=cp(1-l%)

= 600(1-20%) = 600×(1-.2) = 600×0.8 =480

overall:

total sp = 720+480 = 1200

total cp = 600+600 = 1200

overall profit/ loss =0