A purchased two articles for Rs. 200 and Rs. 300 respectively and sold at gains of 5% and 10% respectively. What was his overall gain percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 8
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Application |
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SP = CP × [1 + Gain/100] Total CP = 200 + 300 = Rs. 500 Since he sold the articles at gain of 5% and 10% respectively: SP of 1st article = 200 × 1.05 = 210 SP of 2nd article = 300 × 1.1 = 330 Total CP = 210 + 330 = Rs. 540 Hence, Overall profit = [(540 – 500)/500] × 100 = 8% |