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A trader buys two articles for Rs. 4000 ...

A trader buys two articles for Rs. 4000 each. While selling if he gains 12.5% on one and loses 20% on the other, then what will be the overall loss per cent?

A

2.5

B

3.75

C

5

D

5.25

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to calculate the gain and loss on the two articles and then determine the overall loss percentage. ### Step 1: Determine the cost price of each article The trader buys two articles for Rs. 4000 each. - Cost Price (CP) of Article 1 = Rs. 4000 - Cost Price (CP) of Article 2 = Rs. 4000 ### Step 2: Calculate the selling price of Article 1 The trader gains 12.5% on Article 1. - Gain on Article 1 = 12.5% of Rs. 4000 - Gain = (12.5/100) * 4000 = Rs. 500 Now, calculate the Selling Price (SP) of Article 1: - SP of Article 1 = CP + Gain = 4000 + 500 = Rs. 4500 ### Step 3: Calculate the selling price of Article 2 The trader loses 20% on Article 2. - Loss on Article 2 = 20% of Rs. 4000 - Loss = (20/100) * 4000 = Rs. 800 Now, calculate the Selling Price (SP) of Article 2: - SP of Article 2 = CP - Loss = 4000 - 800 = Rs. 3200 ### Step 4: Calculate the total cost price and total selling price - Total Cost Price (CP) = CP of Article 1 + CP of Article 2 - Total CP = 4000 + 4000 = Rs. 8000 - Total Selling Price (SP) = SP of Article 1 + SP of Article 2 - Total SP = 4500 + 3200 = Rs. 7700 ### Step 5: Calculate the overall loss - Overall Loss = Total CP - Total SP - Overall Loss = 8000 - 7700 = Rs. 300 ### Step 6: Calculate the overall loss percentage - Loss Percentage = (Overall Loss / Total CP) * 100 - Loss Percentage = (300 / 8000) * 100 = 3.75% Thus, the overall loss percentage is **3.75%**. ---
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