If 60 percent of total articles are sold at a loss of 20 percent and remaining articles are sold at a profit of 5 percent, then what will be the overall loss percentage?

Question

Question

This question was previously asked in

SSC CHSL Tier-I Exam 2022 Official Paper (Held On: 21 March, 2023 Shift 1)

Answer 1

Given:

60% of articles sold at a 20% loss

40% of articles sold at a 5% profit

Concept:

The formula for overall profit or loss percentage = [(total cost price - total selling price) / total cost price] × 100.

Calculation;

⇒ 20% Loss on 60% of articles = 60 × 0.2 = 12.

⇒ 5% Profit on 40% of articles = 40 × 0.05 = 2.

⇒ Overall loss percentage = 12 - 2 = 10%.

Hence, the overall loss percentage is 10%.

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