Question 69

Two articles are sold for ₹962 each. On one,the seller gains 30% and on the other he loses 26%. Whatvis his overall gain or loss percentage, nearest to one decimal place?

Solution

Total Selling Price = $$962 \times 2$$ = Rs.1924

On first article , he made profit of 30%.Let the cost price of first article be x.

$$\frac{130}{100} \times x= 962 $$ => x = Rs.740 

On second article , he made a loss of 26%.Let the cost price of second article be y.

$$\frac{74}{100} \times y= 962$$ =>y = Rs.1300

Total Cost Price = Rs. (740 + 1300) = Rs.2040

Loss = Rs (2040 - 1924) = Rs.116

Loss % =$$\frac{116}{2040} \times 100$$ = 5.66%

So , the answer would be option b)5.7%


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