A man purchased two articles for Rs. 7500. If he sells the first at 20% profit and the second at 50% loss. If C.P. of 1st article is equal to selling price of 2nd article find the overall profit or loss in the transaction.
(a) 1500
(b) 2000
(c) 2500
(d) 3000
Sol:
1 → 500 Rs.
⇒ CP of Ist = 2500 Rs.
CP of IInd = 5000 Rs.
Profit of Ist = 500 Rs.
Loss on IInd = 2500 Rs.
Overall loss = 2000 Rs.
