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If two articles are sold at the same sel...

If two articles are sold at the same selling price which is Rs. 10591. If the first article is sold at 19% profit and the second article is sold at 11% loss, then find the overall profit/loss%.

A

` 1. 2 % `

B

` 1.6 % `

C

` 1.8 % `

D

` 2 % `

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the overall profit or loss percentage when two articles are sold at the same selling price. Here’s a step-by-step solution: ### Step 1: Identify the Selling Price The selling price (SP) of both articles is given as Rs. 10,591. ### Step 2: Calculate the Cost Price of the First Article The first article is sold at a profit of 19%. We can use the formula for selling price: \[ SP = CP + \text{Profit} \] Where Profit can be calculated as: \[ \text{Profit} = \frac{19}{100} \times CP_1 \] Substituting this into the selling price formula gives us: \[ 10,591 = CP_1 + \frac{19}{100} \times CP_1 \] This can be simplified to: \[ 10,591 = CP_1 \left(1 + \frac{19}{100}\right) \] \[ 10,591 = CP_1 \left(\frac{119}{100}\right) \] Now, we can solve for \(CP_1\): \[ CP_1 = \frac{10,591 \times 100}{119} \] Calculating this gives: \[ CP_1 \approx 8,900 \] ### Step 3: Calculate the Cost Price of the Second Article The second article is sold at a loss of 11%. Using the same selling price formula: \[ SP = CP - \text{Loss} \] Where Loss can be calculated as: \[ \text{Loss} = \frac{11}{100} \times CP_2 \] Substituting this into the selling price formula gives us: \[ 10,591 = CP_2 - \frac{11}{100} \times CP_2 \] This can be simplified to: \[ 10,591 = CP_2 \left(1 - \frac{11}{100}\right) \] \[ 10,591 = CP_2 \left(\frac{89}{100}\right) \] Now, we can solve for \(CP_2\): \[ CP_2 = \frac{10,591 \times 100}{89} \] Calculating this gives: \[ CP_2 \approx 11,900 \] ### Step 4: Calculate Total Cost Price Now, we can find the total cost price (CP) of both articles: \[ \text{Total CP} = CP_1 + CP_2 = 8,900 + 11,900 = 20,800 \] ### Step 5: Calculate Total Selling Price The total selling price (SP) of both articles is: \[ \text{Total SP} = 10,591 + 10,591 = 21,182 \] ### Step 6: Calculate Overall Profit or Loss Now, we can find the overall profit or loss: \[ \text{Total Profit} = \text{Total SP} - \text{Total CP} = 21,182 - 20,800 = 382 \] ### Step 7: Calculate Profit Percentage Finally, we calculate the profit percentage: \[ \text{Profit Percentage} = \left(\frac{\text{Total Profit}}{\text{Total CP}}\right) \times 100 \] Substituting the values gives: \[ \text{Profit Percentage} = \left(\frac{382}{20,800}\right) \times 100 \approx 1.83\% \] ### Conclusion The overall profit percentage is approximately **1.83%**. ---
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