Question 66

Two items are sold for ₹18,602, each. On oneitem there has been a gain of 31% and on the second item a loss of 29%. What was the overall loss or gain in the transaction ?

Solution

C.P of first items = $$18602\times\frac{100}{131}=14200$$

C.P of second item = $$18602\times\frac{100}{71}=26200$$

Total C.P = $$14200 + 26200=Rs 40400$$

Total S.P = $$18602 + 18602 =Rs 37204$$

Overall loss % = $$\frac{\left(3196\times100\right)}{40400}=7.91\%$$

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