Question

A shopkeeper sold two baseball bats whose cost price is ₹2000 each. He makes a profit of 15% on one bat, but a loss of 5% on the other bat. Then, he has made an overall ___.

• A. Profit of 10%
• B. Loss of 5%
• C. Loss of 10%
• D. Profit of 5%

Answer 1

The correct option is D

Profit of 5%

When cost price is the same, a profit of 15% and loss of 5% will always turn out to be an overall profit.

Now we have to calculate the overall profit percentage :

15% profit : $\frac{15}{100}\times 2000=₹300$

5% loss : $\frac{5}{100}\times 2000=₹100$

Total CP = ₹2000 + ₹2000 = ₹4000

Total SP = (2000 + 300) + (2000 - 100) = ₹2300 + ₹1900 = ₹4200
(SP > CP. Hence, it's an overall profit.)

$\therefore$ Profit = ₹4200 - ₹4000 = ₹200

Profit Percentage = $\frac{200}{4000}\times 100=5\%$