The cost price of a watch is Rs. 750 and a bag is Rs. 840. A shopkeeper sold the watch at profit of 20% and the bag at loss of 15%. Find the overall profit or loss received by the shopkeeper (in Rs.)?

Correct option is D

Information Given:

Cost price of watch = Rs. 750

Cost price of bag = Rs. 840

Watch sold at 20% profit

Bag sold at 15% loss

Concept/Formula Used:

Profit/Loss = Selling Price – Cost Price

Profit% = (Profit / Cost Price) × 100

Selling Price (SP) at profit = CP × (1 + Profit%)

Selling Price (SP) at loss = CP × (1 – Loss%)

Overall profit/loss = Total SP – Total CP

Explanation:

SP of watch = 750 × 1.20 = Rs. 900

SP of bag = 840 × 0.85 = Rs. 714

Total cost price = 750 + 840 = Rs. 1590

Total selling price = 900 + 714 = Rs. 1614

Overall profit = 1614 – 1590 = Rs. 24