Multiple choice

Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?

  1. 8% gain

  2. 10% gain

  3. 9% loss

  4. 7.5% loss
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

On 75% of goods: 24% profit gives 0.75 × 24 = 18% overall gain. On remaining 25%: 40% loss gives 0.25 × (-40) = -10% overall loss. Net: 18 - 10 = 8% gain. This is a weighted average problem. Option D incorrectly calculates 24 - 40 = -16%, while B and C are other arithmetic errors.

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