Two articles are sold for Rs. 5,104 each. On one, the seller gains 16% and on the other, he loses 12%. What is his overall gain percent, nearest to two decimal places?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer is option 2 i.e. 0.08%
|
Concept |
Understanding |
Application |
|
Profit = SP – CP |
Given SP of each article = Rs. 5104 Total SP of both article = 5104 × 2 = 10208 |
CP of first article which is sold at 16% gain = 5104/1.16 = 4400 CP of second article which is sold at 12% loss = 5104/0.88 = 5800 Total CP of both article = 4400 + 5800 = 10200 Profit percentage = [8/10200] × 100 = 0.08% (approx.) |