Home
Class 14
MATHS
A person sells three articles first at 1...

A person sells three articles first at 10% loss, second at 20% profit and the third one at 25% loss. If SP is equal find overall profit/loss%

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will analyze the selling price (SP) and cost price (CP) of each article and then calculate the overall profit or loss percentage. ### Step 1: Understand the Selling Prices and Loss/Profit Percentages 1. **First Article**: Sold at a 10% loss. - Let the cost price (CP1) be \( x \). - Selling Price (SP1) = \( CP1 - 10\% \text{ of } CP1 = x - 0.1x = 0.9x \). 2. **Second Article**: Sold at a 20% profit. - Let the cost price (CP2) be \( y \). - Selling Price (SP2) = \( CP2 + 20\% \text{ of } CP2 = y + 0.2y = 1.2y \). 3. **Third Article**: Sold at a 25% loss. - Let the cost price (CP3) be \( z \). - Selling Price (SP3) = \( CP3 - 25\% \text{ of } CP3 = z - 0.25z = 0.75z \). ### Step 2: Set Selling Prices Equal Since the selling prices are equal, we can set them as follows: - \( SP1 = SP2 = SP3 \) Let’s denote the common selling price as \( SP \). From the equations: - \( SP = 0.9x \) - \( SP = 1.2y \) - \( SP = 0.75z \) ### Step 3: Express Cost Prices in Terms of Selling Price From the equations above, we can express the cost prices in terms of the selling price \( SP \): 1. \( x = \frac{SP}{0.9} \) 2. \( y = \frac{SP}{1.2} \) 3. \( z = \frac{SP}{0.75} \) ### Step 4: Calculate Total Cost Price Now we can find the total cost price (CP) of all three articles: \[ CP = CP1 + CP2 + CP3 = x + y + z \] Substituting the values: \[ CP = \frac{SP}{0.9} + \frac{SP}{1.2} + \frac{SP}{0.75} \] ### Step 5: Find a Common Denominator To add these fractions, we need a common denominator. The least common multiple (LCM) of 0.9, 1.2, and 0.75 is 3.6. Rewriting each term: - \( \frac{SP}{0.9} = \frac{SP \times 4}{3.6} \) - \( \frac{SP}{1.2} = \frac{SP \times 3}{3.6} \) - \( \frac{SP}{0.75} = \frac{SP \times 4.8}{3.6} \) Now, adding them: \[ CP = \frac{4SP + 3SP + 4.8SP}{3.6} = \frac{11.8SP}{3.6} \] ### Step 6: Calculate Total Selling Price The total selling price (SP) is: \[ SP = SP + SP + SP = 3SP \] ### Step 7: Calculate Overall Profit or Loss Now we can calculate the overall profit or loss: \[ \text{Total CP} = \frac{11.8SP}{3.6} \] \[ \text{Total SP} = 3SP \] ### Step 8: Determine Profit or Loss Amount The profit or loss amount is: \[ \text{Loss} = CP - SP = \frac{11.8SP}{3.6} - 3SP \] Finding a common denominator: \[ \text{Loss} = \frac{11.8SP - 10.8SP}{3.6} = \frac{1SP}{3.6} \] ### Step 9: Calculate Loss Percentage To find the loss percentage: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Total CP}} \right) \times 100 = \left( \frac{\frac{1SP}{3.6}}{\frac{11.8SP}{3.6}} \right) \times 100 = \left( \frac{1}{11.8} \right) \times 100 \approx 8.47\% \] ### Final Result The overall loss percentage is approximately **8.47%**. ---
Promotional Banner

Topper's Solved these Questions

  • PROFIT & LOSS

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise Questions|200 Videos
  • PIPE & CISTERN

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise QUESTIONS|40 Videos
  • QUADRILATERAL

    ADVANCED MATHS BY ABHINAY MATHS ENGLISH|Exercise EXERCISE|48 Videos

Similar Questions

Explore conceptually related problems

The selling price of two articles is the same. One is sold at 25% profit and the other is sold at 25% loss. What is the effective profit/loss percentage?

Answer sold two articles. He sold one of them at 20% profit for ₹ 150 and the other at 25% loss for ₹ 120. Find his overall profit/loss percentage approximatelt.

Two horses were sold at Rs 2380 each. First was sold at 20% profit and second at 25% loss. Find the over all profit or loss %

The cost price of two articles is the same. One is sold at 10% profit and the other is sold at 10% loss. What is the effective profit/loss percentage ?

Two horses were sold at Rs 1599 each. First was sold at 25% profit and second at 20% loss. Find the over all profit or loss %.

ADVANCED MATHS BY ABHINAY MATHS ENGLISH-PROFIT & LOSS-Questions
  1. By selling an article for Rs 77 a person gained (1)/(10) of his outlay...

    Text Solution

    |

  2. 10 kg of rice costs as much as 20 kg of wheat, 25 kg of wheat costs as...

    Text Solution

    |

  3. An item costing Rs 200 is being sold at 10% loss. If the price is furt...

    Text Solution

    |

  4. Vishal goes to a shop to buy a radio costing Rs 2568. The rate of sale...

    Text Solution

    |

  5. A merchant makes a profit of 20% by selling an article. What would be ...

    Text Solution

    |

  6. A company offers 20% discount and earns profit of 25% . Further it inc...

    Text Solution

    |

  7. A shopkeeper sells a watch for Rs 960 after giving discount of 20% . H...

    Text Solution

    |

  8. The ratio of selling price of 3 articles A, B, C is 8 : 9 : 5 and rati...

    Text Solution

    |

  9. Two men calculate their profit. One calculates his profit at SP and an...

    Text Solution

    |

  10. A person sells three articles first at 10% loss, second at 20% profit ...

    Text Solution

    |

  11. Mangoes are bought at Rs 10 per 100. Find the rate at which per 100 mu...

    Text Solution

    |

  12. A shopkeeper buys an article on discount of 20% on MP. Shopkeeper mark...

    Text Solution

    |

  13. Shopkeeper marks his goods 30% above CP. Half stock is sold at M.P. an...

    Text Solution

    |

  14. A shopkeeper shopkeeper marks his goods at 39% more than CP. (1)/(3) r...

    Text Solution

    |

  15. On selling 10 candles profit is equal to SP of 3 pens loss on selling ...

    Text Solution

    |

  16. . A retailer bought 3850 linc pens and 1848 cello pens at the same pri...

    Text Solution

    |

  17. SP of an article is already fixed. If it is sold at (3)/(4) th of SP t...

    Text Solution

    |

  18. A company gives 10% discount on MP and earns 20% profit later on due t...

    Text Solution

    |

  19. Ram makes 750 articles at the cost of 60 paise per article. He fixed t...

    Text Solution

    |

  20. A shopkeeper sold 12 cameras at the profit of 20% and 8 cameras profit...

    Text Solution

    |