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The profit made on an article sold for ₹2400 is equal to the loss incurred when it is sold for ₹2000. What will be the profit or loss percentage if the article is sold for ₹2200?

1. Profit of 2.5%
2. Profit of 3.125%
3. Loss of 3.125%
4. No loss, No profit

Correct answer: No loss, No profit

Solution

If profit at ₹2400 equals loss at ₹2000, then the cost price is the average of the two selling prices: ₹2200. So selling at ₹2200 means neither profit nor loss.

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