An article is sold for Rs. 6500 so as to earn a profit of 4%. A second article whose cost price is Rs. 3750, is sold at a loss of 4%.What is the overall gain or loss percent in the whole transaction?
Show answer & explanation
Correct answer: D
Explanation
Correct Answer is option 4 i.e. Gain 1%
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Understanding |
Application |
Calculation |
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An article is sold for Rs. 6500 so as to earn a profit of 4% |
SP1 = 6500, Profit = 4% So, CP1 = Rs. 6250 |
⇒ 6500/1.04 ⇒ 6250
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Second article whose cost price is Rs. 3750,is sold at a loss of 4% |
CP2 = 3750, Loss = 4% So, SP2 = Rs. 3600 |
⇒ 3750 × 0.96 ⇒ 3600 |
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Total CP = Rs. 10000 Total SP = Rs. 10100 |
⇒ 6250 + 3750 = 10000 ⇒ 6500 + 3600 = 10100 |
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Overall Profit = 1% |
⇒ [(10100 – 10000)/10000] ⇒ 1% |