A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?
Q1. A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?
Answer: Neither profit nor loss
Explanation: Total cost = Rs. 2000. Revenue = 1000×1.20 + 1000×0.80 = 1200 + 800 = Rs. 2000. There is neither profit nor loss.