Multiple choice

An article is sold for Rs. 6500 so as to earn a profit of 4%. A second article whose cost price is Rs. 3750, is sold at a loss of 4%. What is the overall gain or loss percent in whole transaction?

  1. 4% gain

  2. 1% loss

  3. 4 % loss

  4. 1% gain
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

First article CP = 6500/1.04 = Rs. 6250. Second article CP = Rs. 3750, SP at 4% loss = 3750 x 0.96 = Rs. 3600. Total CP = 6250 + 3750 = Rs. 10000, Total SP = 6500 + 3600 = Rs. 10100. Overall profit = Rs. 100 on Rs. 10000, which is 1% gain.

Keep practicing — related questions