The cost prices of two articles A and B are in the ratio 3: 5. Rishu earns a profit of 28% on A and loses 15% on B. What is her overall loss/gain percent?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Gain, 1.125%.
Let CP of A = ₹300, B = ₹500 (ratio 3:5)
SP of A = ₹300 + 28% = ₹384
SP of B = ₹500 - 15% = ₹425
Total CP = ₹800, Total SP = ₹809
Net gain = ₹9
% gain = (9/800) × 100 = 1.125%