Three articles are bought at ₹400 each. One of them is sold at a loss of 10%. If the other two articles are sold so as to gain 20% on the whole transaction, then what is the gain percentage on the two articles?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 35%.
Total CP = 3 × 400 = 1200
Loss on 1st = 10% of 400 = 40
SP = 360
Let gain on 2 articles = x%
CP of 2 articles = 800
Total SP needed = = 1440
SP of 2 articles = 1440 - 360 = 1080
Gain% = = = 35%