Two articles are sold for Rs. 975 each. On one, the seller gains 30% and on the other, he loses 25%. What is the overall gain or loss percentage, correct to one decimal place?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 4.9% loss
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Understanding |
Application |
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Given: SP of each article = Rs. 975 Total SP of both article = 975 × 2 = 1950 |
CP of first article = 975 × [100/130] = 750 CP of second article = 975 × [100/75] = 1300 Hence, Total CP of both article = 750 + 1300 = 2050 Hence, Loss percentage = [(2050 – 1950)/2050] × 100 = [100/2050] × 100 = 10000/2050 = 4.9% (Approx.) |