Some articles were marked above their cost price. One of such articles was sold at profit on the marked price and the other one was sold at loss on the marked price. Find the overall percentage profit.
- A27.75%
- B28.25%
- C29.75%
- D31.25%
Solution & Step-by-step Explanation
1. Let the cost price () of each article be .
2. Calculate the selling price () of the first article (sold at profit on ):
3. Calculate the selling price () of the second article (sold at loss on ):
4. Find total selling price and overall profit:
2. Calculate the selling price () of the first article (sold at profit on ):
3. Calculate the selling price () of the second article (sold at loss on ):
4. Find total selling price and overall profit: