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SSC CHSL 2021 PYQ — Question 58

SSC CHSL - 5 Aug 2021 - Shift 2 • Quantitative Aptitude • Q58

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A bought an article for Rs.4,800 and sold it at a loss of 30%. With this amount, he bought another article and sold it at a gain of 60%. What was his overall gain loss?

Show answer & explanation

Correct answer: A

Explanation

The correct answer is Option 1 i.e. Gain 12%.

Explanation:

According to the given question,

Selling price, when 30% loss = 4800×100−301004800 \times {100 - 30 \over 100} 

⇒ Selling price = 4800×701004800 \times {70 \over 100} = 3360 

Now, the new cost price = Rs. 3360

Selling price, when 60% gain = 3360×100+601003360 \times {100 + 60 \over 100}

⇒ Selling price = 3360×1601003360 \times {160 \over 100} = 5376

Now, overall gain = 5376 - 4800 = 576

Gain% = 5764800×100{576 \over 4800 } \times 100 = 12%

Hence the required answer is 12%.