A person sold two articles for Rs. 1936 each. On one he gained 28% and on…
2020
A person sold two articles for Rs. 1936 each. On one he gained 28% and on other he lost 12%. What is his overall gain or loss percent, correct to one decimal place?
- A.
4.3% loss
- B.
5% loss
- C.
4.3% gain
- D.
5% gain
Attempted by 4 students.
Show answer & explanation
Correct answer: C
For the article sold at 28% gain, CP = 1936/1.28 = 1512.50.
For the article sold at 12% loss, CP = 1936/0.88 = 2200.
Total SP = 3872 and total CP = 3712.50, so gain = 159.50.
Gain percent = 159.50/3712.50 x 100 ≈ 4.3%.