Question

An electronics shop owner sells a trimmer for Rs. 960 at 20% profit and an iron box for Rs. 1440 at 4% loss. What is his overall profit/loss per cent?

• A. 16%
• B. 6.41%
• C. 4.35%
• D. 3.97%
• E. None of the above

Answer 1

The correct option is C 4.35%

Total cost incurred $=\frac{960}{1.2}+\frac{1440}{0.96}=Rs.2300$
Total income = 960+1440=Rs.2400
Profit Percentage $=\frac{2400-2300}{2300}\times 100=4.35\%$