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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.

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Solution

The trader actually makes a loss in this scenario. Here's why:

  1. Let's assume the cost price of the first article is 100.Alossof30100. A loss of 30% on this article means the selling price is 70% of the cost price, which is 70.

  2. Similarly, let's assume the cost price of the second article is also 100.Aprofitof20100. A profit of 20% on this article means the selling price is 120% of the cost price, which is 120.

  3. 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 70and70 and 120 is $95.

  4. The trader bought each article for 100,sothetotalcostpriceis100, so the total cost price is 200. The total selling price, since each article sells for 95,is95, is 190.

  5. 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 ((200200 - 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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