I SOLD TWO ARTICLES AT 10 PERCENT PROFIT AND ONE AT 10 PERCENT LOSS. IS IT PROFIT OR LOSS OR NETURAL AND IF PROFIT AND LOSS THEN WHAT AMOUNT AND PERCENT
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Answer:
Always 1 % loss in this condition..............
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Let buying price of article = X
Total investment = 3 X
Total selling price=
1.1 X + 1.1X + 0.9X = 3.1 X
Profit = 0.1 X
Investment = 3 X
Profit% = 0.1 X 100/ 3 = 10/3 = 3.33% profit
Total investment = 3 X
Total selling price=
1.1 X + 1.1X + 0.9X = 3.1 X
Profit = 0.1 X
Investment = 3 X
Profit% = 0.1 X 100/ 3 = 10/3 = 3.33% profit
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