SOLUTION: A shopkeeper sold two articles for $ 48 each. He made a 25 % profit on one article and loss of 20 % on the other on cost. What was his net gain or loss on the sale of the two artic

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: A shopkeeper sold two articles for $ 48 each. He made a 25 % profit on one article and loss of 20 % on the other on cost. What was his net gain or loss on the sale of the two artic      Log On


   

Question 436245: A shopkeeper sold two articles for $ 48 each. He made a 25 % profit on one article and loss of 20 % on the other on cost. What was his net gain or loss on the sale of the two articles?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
His profit (or loss) was:
+.25%2A48+-+.2%2A48+
+48%2A%28.25+-.2+%29+
+48%2A.05+
+2.4+
His net gain was $2.40