Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 8% gain
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Understanding |
Application |
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Suppose total quantity = 100 units Cost price of 1 unit = Rs. x |
So, Selling price of 100 units of goods = 75 × 1.24x + 25 × 0.6x = 93x + 15x = 108x |
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Cost price of 100 units of goods = Rs. 100x |
So, Gain percentage = [(108x – 100x)/100x] × 100 = 8% |