Mona purchased two sets of jewelry for ₹4,000 each. She sold these sets of jewellery, gaining 8% on one and loosing 6% on the other. Calculate her total loss or gain in this whole transaction.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. ₹80 gain.
Selling price of the first set = 4000 × (108/100) = 4320
Selling price of the second set = 4000 × (94/100) = 3760
Total cost price = 4000 + 4000 = 8000
Total selling price = 4320 + 3760 = 8080
Total gain = 8080 - 8000 = ₹80
Therefore, Mona made a total gain of ₹80.