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x and y are two articles sold by a trade...

x and y are two articles sold by a trader. The cost price of x equals the selling price of y. x is sold at 25% profit, y's cost price is 25% less than it's selling price. Find the overall profit/loss percentage made by the trader.

A

0

B

`33(1)/(3)%`

C

`28(4)/(7)%`

D

20

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, let's denote the following: - Let the cost price of article X be \( CP_x \). - Let the selling price of article Y be \( SP_y \). ### Step 1: Establish the relationship between \( CP_x \) and \( SP_y \) According to the question, the cost price of X equals the selling price of Y: \[ CP_x = SP_y \tag{1} \] ### Step 2: Calculate the selling price of article X X is sold at a 25% profit. Therefore, the selling price of X can be calculated as: \[ SP_x = CP_x + 0.25 \times CP_x = 1.25 \times CP_x = \frac{125}{100} \times CP_x = \frac{5}{4} CP_x \tag{2} \] ### Step 3: Establish the relationship for article Y's cost price It is given that the cost price of Y is 25% less than its selling price. Therefore: \[ CP_y = SP_y - 0.25 \times SP_y = 0.75 \times SP_y = \frac{75}{100} \times SP_y \tag{3} \] ### Step 4: Calculate total cost price Now, we can express the total cost price (CP) of both articles: \[ Total\ CP = CP_x + CP_y \] Substituting equations (1) and (3) into this: \[ Total\ CP = SP_y + \frac{75}{100} SP_y = SP_y + 0.75 SP_y = 1.75 SP_y \tag{4} \] ### Step 5: Calculate total selling price Next, we calculate the total selling price (SP) of both articles: \[ Total\ SP = SP_x + SP_y \] Substituting equation (2) into this: \[ Total\ SP = \frac{5}{4} CP_x + SP_y \] From equation (1), we know \( CP_x = SP_y \): \[ Total\ SP = \frac{5}{4} SP_y + SP_y = \frac{5}{4} SP_y + \frac{4}{4} SP_y = \frac{9}{4} SP_y \tag{5} \] ### Step 6: Calculate profit or loss percentage Now, we can find the profit or loss percentage using the formula: \[ Profit\ Percentage = \frac{Total\ SP - Total\ CP}{Total\ CP} \times 100 \] Substituting equations (4) and (5): \[ Profit\ Percentage = \frac{\frac{9}{4} SP_y - 1.75 SP_y}{1.75 SP_y} \times 100 \] Converting \( 1.75 SP_y \) to a fraction: \[ 1.75 SP_y = \frac{7}{4} SP_y \] Now substituting: \[ Profit\ Percentage = \frac{\frac{9}{4} SP_y - \frac{7}{4} SP_y}{\frac{7}{4} SP_y} \times 100 = \frac{\frac{2}{4} SP_y}{\frac{7}{4} SP_y} \times 100 \] The \( SP_y \) cancels out: \[ Profit\ Percentage = \frac{2}{7} \times 100 = \frac{200}{7} \approx 28.57\% \] ### Final Answer The overall profit percentage made by the trader is approximately **28.57%**. ---
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