Shopkeeper buys two articles for rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?
Answers
Answer:
Step-by-step explanation:
Let the price of articles be x and y respectively
x = 1000
y = 1000
C.P. = 2000
Now x is sold at a profit of 20%
i.e. 120/100 * 1000
S.P. = 1200
And y is sold at a loss of 20% loss
i.e. 80/100 * 1000
S.P. = 800
S.P. = 1200 + 800 = 2000
Profit = S.P. - C.P. = 0
Therefore their is no gain or loss
i.e. net profit/loss % is 0.
Hope it Helps
Answer:
No profit or loss.
Step-by-step explanation:
Selling price is the price at which the article is sold by the shopkeeper.
Cost price is the price at which the article is bought by the shopkeeper.
If the selling price is more than cost price then, there is a profit for the shopkeeper.
If the cost price is more than the selling price then, there is a loss for the shopkeeper.
If both selling price and the cost price is equal then, there is o loss or gain.
To find out the net gain or net loss we must first know the total cost price of both articles and total selling price of both articles.
Shopkeeper bought two articles for Rs. 1000 each. so, total cost price will be;
CP = 1000+1000
CP = 2000
Shopkeeper sold one article at a profit of 20%.
The profit gained on this is:
profit% = ×100
profit = ×1000
profit = 200
Profit = SP-CP
SP = 200+1000
SP = 1200
Selling price of one article is Rs.1200
Shopkeeper sold another article at 20% loss.
The loss from selling this article;
loss% = ×100
loss = ×1000
loss = 200
SP = CP - loss
SP = 1000 - 200
SP = 800
Selling price of another article is Rs.800
Total selling price = 1200 + 800 = 2000
The overall selling price and cost price is same.
Since SP and CP is same, there is no overall gain or loss.
To know more about profit and loss visit the link below;
https://brainly.in/question/31589