A trader sells one article at a profit of $15\%$ and another at a loss of $10\%$. If both cost the same, the overall result is:

Question

A trader sells one article at a profit of $15\%$ and another at a loss of $10\%$. If both cost the same, the overall result is:

Option A

5% gain

Option B — Correct answer

2.5% gain

Correct choice.

Option C

2.5% loss

Option D

no profit no loss

Explanation

Take each cost price as $100$. Net selling price $=115+90=205$ on total cost $200$. Net gain $=2.5\%$.

Chapter Mock 4: Profit and Loss