If a trader sells two articles at the same price, one at a loss of 30% and the other at a profit of 20%, then the trader makes approximately11.58% profit.11.58% loss.6% loss.10% loss.
Question
If a trader sells two articles at the same price, one at a loss of 30% and the other at a profit of 20%, then the trader makes approximately11.58% profit.11.58% loss.6% loss.10% loss.
Solution
The trader actually makes a loss in this scenario. Here's why:
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Let's assume the cost price of the first article is 70.
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Similarly, let's assume the cost price of the second article is also 120.
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The trader sells both articles for the same price, so let's take the average of the two selling prices to find this price. The average of 120 is $95.
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The trader bought each article for 200. The total selling price, since each article sells for 190.
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To find the percentage loss, we subtract the total selling price from the total cost price, divide by the total cost price, and multiply by 100. This gives us ((190) / $200) * 100 = 5% loss.
So, the trader makes a 5% loss. This option is not listed in your choices, so there may be a mistake in the question or the provided options.
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