A person sold two articles for Rs. 1836 each. On one he gained 20% and on…
20202020
A person sold two articles for Rs. 1836 each. On one he gained 20% and on other he lost 20%. What is his overall gain or loss percent, correct to one decimal place?
- A.
5% gain
- B.
6% gain
- C.
7% loss
- D.
4% loss
Attempted by 100 students.
Show answer & explanation
Correct answer: D
Selling price of each article = Rs. 1836
For first article:
Gain = 20%
Let cost price be x.
120% of x = 1836
x = 1836 × 100/120
x = 1530
For second article:
Loss = 20%
Let cost price be y.
80% of y = 1836
y = 1836 × 100/80
y = 2295
Total cost price:
= 1530 + 2295
= 3825
Total selling price:
= 1836 + 1836
= 3672
Loss:
= 3825 − 3672
= 153
Loss percentage:
= (153/3825) × 100
= 4%