Question 65

Two articles are sold for ₹ 4,752 each. On one, the seller gains 32% and on the other he loses 28%. What is his overall gain or loss percentage, correct to one decimal place?

Solution

Total selling price = $$4752 \times 2$$ = Rs.9504

For article 1 , he gains 32% . Let its cost price be x.

4752 = $$\frac{132x}{100}$$ => x = 3600

For article 2 , he loses 28%. Let its cost price be y.

4752 = $$\frac{72y}{100}$$ =>y = 6600

Total Cost Price = Rs.10200

Loss = 10200 - 9504 = Rs.696

Loss % = $$\frac{696 \times 100}{10200}$$ = 6.8%

So , the answer would be option c)6.8% loss.

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