Multiple choice

A property dealer sells one flat for Rs. 8,40,000 at a gain of 20% and another flat for Rs. 9,60,000 at a loss of 4%. What is his total gain or loss percentage?

  1. 4.36%

  2. 5.28%

  3. 4.78%

  4. 5.88%

  5. 6.12%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Cost price of first flat = 840000 / 1.2 = 700000. Cost price of second flat = 960000 / 0.96 = 1000000. Total CP = 1700000, Total SP = 1800000. Gain = 100000 / 1700000 = 5.88%.

AI explanation

The cost price of the first flat is 840000 divided by 1.20, which equals 700000, and the cost price of the second flat is 960000 divided by 0.96, which equals 1000000, making the total cost price 1700000. The total selling price is 840000 plus 960000, equaling 1800000. The total gain is 100000, so applying the gain percentage formula, (100000 / 1700000) multiplied by 100 gives 5.88%.

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