On two items of equal prices, T gets 12% profit on one item and incurs 8% loss on other. What is his overall profit or loss percentage?
- ALoss, 4%
- BProfit, 2%
- CProfit, 4%
- DLoss, 2%
Solution & Step-by-step Explanation
Let the cost price (CP) of each item be ₹100.
Total cost price for both items = 100+100=₹200.
Profit on the first item = 12% of ₹100 = ₹12.
Loss on the second item = 8% of ₹100 = ₹8.
Net overall profit or loss value:
Net Profit=12−8=₹4
Since the net result is positive, it is a profit.
Overall profit percentage:
Overall Profit Percentage=(
Total CP
Net Profit
)×100=(
200
4
)×100=2%
Total cost price for both items = 100+100=₹200.
Profit on the first item = 12% of ₹100 = ₹12.
Loss on the second item = 8% of ₹100 = ₹8.
Net overall profit or loss value:
Net Profit=12−8=₹4
Since the net result is positive, it is a profit.
Overall profit percentage:
Overall Profit Percentage=(
Total CP
Net Profit
)×100=(
200
4
)×100=2%