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?

A. neither profit nor loss
B. 1%
C. 2%
D. 3%

Explanation:

Profit on first article = 20% of 1000 = 200.
This is equal to the loss he makes on the second article. That, is he makes neither profit nor loss.

Correct Answer: neither profit nor loss ✔

Last Updated: February 07, 2020