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A person earns 12.5% on one article but ...

A person earns 12.5% on one article but loss 10% on another article. If the ratio of the cost price of two articles be 4:5. What is the gain/loss on selling two both articles?

A

1% loss

B

0.5% gain

C

0.75% loss

D

Neither gain nor loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we will follow these steps: ### Step 1: Understand the given information We know that: - The profit on the first article is 12.5%. - The loss on the second article is 10%. - The ratio of the cost prices of the two articles is 4:5. ### Step 2: Assign cost prices based on the ratio Let the cost price of the first article be \( 4x \) and the cost price of the second article be \( 5x \). ### Step 3: Calculate the selling price of the first article The profit on the first article is 12.5%. This can be expressed as: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} + \text{Profit} \] Profit can be calculated as: \[ \text{Profit} = \frac{12.5}{100} \times 4x = \frac{1}{8} \times 4x = \frac{4x}{8} = \frac{x}{2} \] Thus, the selling price of the first article is: \[ SP_1 = 4x + \frac{x}{2} = 4x + 0.5x = 4.5x \] ### Step 4: Calculate the selling price of the second article The loss on the second article is 10%. This can be expressed as: \[ \text{Selling Price (SP)} = \text{Cost Price (CP)} - \text{Loss} \] Loss can be calculated as: \[ \text{Loss} = \frac{10}{100} \times 5x = \frac{1}{10} \times 5x = \frac{5x}{10} = \frac{x}{2} \] Thus, the selling price of the second article is: \[ SP_2 = 5x - \frac{x}{2} = 5x - 0.5x = 4.5x \] ### Step 5: Calculate total cost price and total selling price Total cost price (CP) of both articles: \[ \text{Total CP} = 4x + 5x = 9x \] Total selling price (SP) of both articles: \[ \text{Total SP} = SP_1 + SP_2 = 4.5x + 4.5x = 9x \] ### Step 6: Determine gain or loss Now, we compare the total cost price and total selling price: \[ \text{Total CP} = 9x \quad \text{and} \quad \text{Total SP} = 9x \] Since the total cost price is equal to the total selling price, there is neither gain nor loss. ### Final Answer The person neither gains nor loses on selling both articles. ---
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ADDA247-PROFIT AND LOSS-Prelims Questions (Level-1)
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  3. An article when sold at (4)/(5) of its original selling price, gives a...

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  4. Akshay buys an article and markup it 30 % above its cost price. At the...

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  5. Cost price of 2 bags is in ratio 4:5 and these bags are sold at 10% pr...

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  6. If the shopkeeper marked the price of an item 60% above the cost price...

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  7. Johny calculates his profit at cost price while Jini at selling price....

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  8. Aakash sells an article at a profit of 10%.Had he bought it for 5% les...

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  9. A shopkeeper marked up the price of a bag by 20% while gave two discou...

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  10. Anurag ordered three burgers for Rs 200, Deepak ordered 2 burgers of a...

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  11. Rohan sells his cycle to Mohan at 20% profit and Mohan spends Rs 400 o...

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  12. Type A milk of cost price Rs 35 per litre is mixed with Type B milk ha...

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  13. By selling two articles a man earns 15% profit on first article and 10...

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  14. A shopkeeper in place of selling a article at 10% profit mark up the a...

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  15. Hemant makes 12(1)/(2)% profit on selling a book at a certain price. ...

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  16. A man purchases three type of item in ratio 2.3:4 and their cost price...

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  17. A Shopkeeper Marked up an article 40% above its cost price and gives t...

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  18. A person earns 12.5% on one article but loss 10% on another article. I...

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  19. Two horses were sold at Rs 12600. First horse was sold at 20% loss and...

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  20. Lokesh marks up his goods 20% above cost price and allows 25% discount...

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