Question
Easy
When a shopkeeper sells item A for тВ╣ 384, then there is a loss of 20% and when he sells item B for тВ╣ 400, then there is a profit of 25%. What is the profit/loss percent, if he sells both items for a total of тВ╣ 852?
1
Profit, 6.5%
2
Loss, 5%
3
Loss, 7%
4
Profit, 7.5%
Question Details
Time to Solve: 12
Exam: CTET
Level/Paper: CTET_P2
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option A
Explanation
To determine the profit or loss percentage when both items A and B are sold for a total of тВ╣ 852, we need to first calculate the cost price of each item. 1. Item A: - Selling Price (SP) of item A = тВ╣ 384 - Loss = 20% - Let the Cost Price (CP) of item A be тВ╣ x. - Since there is a loss of 20%, SPтАжRead More
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