A merchant sells two articles for $500 each. If he makes a profit of 10% on one

A merchant sells two articles for $500 each. If he makes a profit of 10% on one and a loss of 10% on the other, what is his overall profit or loss?

A merchant sells two articles for $500 each. If he makes a profit of 10% on one and a loss of 10% on the other, what is his overall profit or loss?

Profit and Loss Calculation – Understanding how to calculate profit and loss based on selling price and cost price.
Percentage Calculations – Applying percentage increases and decreases to determine cost prices from selling prices.
Total Cost and Selling Price – Summing up total cost prices and selling prices to find overall profit or loss.