A manufacturer sells an article to a wholesale dealer at a profit of 20% and the whole sale dealer sells it to a retail merchant at a loss of 5%. Find the resultant profit or loss.

A manufacturer sells an article to a wholesale dealer at a profit of 20% and the whole sale dealer sells it to a retail merchant at a loss of 5%. Find the resultant profit or loss. Correct Answer 14% gain

Related Questions

The following questions have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. A shopkeeper sells two articles for Rs. 1480. Find the amount of overall profit/loss. Statement I: Ratio of loss in 1st article and profit in second article is 3 : 4. Statement II: The shopkeeper sells 1st article at 15% loss and 2nd at 25% profit. Statement III: Cost price of 1st article is equal to the selling price of 2nd article.