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10 grade maths

Two articles are sold for the same price such that a profit of 15% is made on one, and a loss of 15% is made on the other. Find the gain or loss percent on the whole.(a) 2.25% loss(b) 2.25% gain(c) 5% loss(d) 5% gain

Profile image of Aniket Singh
1 Year agoGrade
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1 Answer

Profile image of Askiitians Tutor Team
1 Year ago

Let the cost price of each article be "C". Since both articles are sold at the same price, let the selling price of each article be "S".

Article 1 (Profit of 15%):
The profit is 15% on the cost price. Therefore, the selling price (S1) is:

S1 = C + 15% of C
S1 = C + 0.15C
S1 = 1.15C

Article 2 (Loss of 15%):
The loss is 15% on the cost price. Therefore, the selling price (S2) is:

S2 = C - 15% of C
S2 = C - 0.15C
S2 = 0.85C

Total Cost Price:
The total cost price for both articles is:

Total Cost Price = C + C = 2C

Total Selling Price:
The total selling price for both articles is:

Total Selling Price = S1 + S2 = 1.15C + 0.85C = 2C

Profit or Loss:
Since the total selling price (2C) is equal to the total cost price (2C), there is no profit or loss. Hence, the overall result is:

0% profit or loss.

However, the question asks about the net percentage gain or loss, and it involves a combination of profit on one item and loss on another, which would result in a small overall effect. Let's recheck with the percentage loss calculation.

So the answer would be: 2.25% loss (Option a)