The costs of two articles are in the ratio 3:5

• Ratio Proportion
• Profit Loss

The costs of two articles are in the ratio 3:5. If there is 30% loss on the first article and 20% gain on the second article, what is the overall percentage of loss or gain?

1. 2% loss
2. 2.25% gain
3. 5.25% loss
4. 1.25% gain

Answer

Let the cost prices be Rs. 300 and Rs. 500. 

Loss on first article = 0.3 × 300 = 90

Profit on second article = 0.2 × 500 = 100

So, overall profit = 100 - 90 = 10

Profit % = 10/(500 + 300) × 100= 10/8 = 1.25%

The correct option is D.