Shashi sells two articles for Rs. 5,000 each with no loss and no profit in the overall transaction. If one article is sold at $$16\frac{2}{3}\% $$ loss, then other is sold at a profit of:
A. 25%
B. 24%
C. $$16\frac{2}{3}\% $$
D. $$18\frac{1}{3}\% $$
Answer: Option A
Solution (By Examveda Team)
$$16\frac{2}{3}\% = \frac{{ - 1}}{6}$$\[\begin{array}{*{20}{c}} {}&{\text{I}}&{{\text{II}}} \\ {{\text{Cost price}} \to }&6&4 \\ {{\text{Loss/Profit}} \to }&{ - 1}&{ + 1} \\ {{\text{Selling price}} \to }&5&5 \end{array}\]
$${\text{Profit }}\% = \frac{1}{4} \times 100 = 25\% $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250

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