Two articles are sold at the same price. One at a profit of 75% and another one at a loss of 30%. What is the overall profit or loss?
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Answer:
0%
Step-by-step explanation:
Let the SP of both articles be Rs. x each.
Hence total SP of both articles = 2x.
CP of 1st article = (100/100+75)x = 4x/7.
CP of 2nd article = (100/100 -30)x = 10x/7.
Total CP of both articles = 14x/7 = 2x
Profit/loss = 2x - 2x = 0
Thus there is no Profit/Loss in the transaction
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