A shopkeeper sold two articles at Rs 12000 each. He sold one article at a profit of 20 percent and the other at a loss of 20 percent. What is the net gain or loss to the shopkeeper?
AA loss of Rs 1000 ✓ Correct
BA gain of Rs 1000
CA loss of Rs 3000
DA loss of Rs 1500
Correct answer: (A) A loss of Rs 1000
Explanation
There is a net loss of Rs 1000.
CP of profit article = 12000 / 1.20 = 10000.
CP of loss article = 12000 / 0.80 = 15000.
Total CP = 25000, total SP = 24000.
Loss = 25000 - 24000 = Rs 1000.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Practise on Mcqkart →🎓 Book an expert →