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A man sells two articles at the same price. If on first, he earns 30% profit and on the second he loses 30%, find the overall profit/loss%.1. 7% profit2. 6% loss3. 8% profit4. 9% loss |
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Answer» Correct Answer - Option 4 : 9% loss Given: SP of two articles are equal Profit% on first article = 30% Loss% on the second article = 30% Concept used: Overall profit/loss% = x + y + (x × y)/100 Where, x → loss/gain% on first article y → loss/gain% on second article Calculation: Overall profit/loss% = x + y + (x × y)/100 ⇒ 30 – 30 – (30 × 30)/100 ⇒ -9% ∴ Loss% is 9%. |
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