Multiple choice

Amit bought an article for Rs. 310 and sold it at a loss of 25%. With this money, he bought another article and sold it at a gain of 40%. What was his overall gain or loss percent?

  1. Loss 2.5%

  2. Gain 8%

  3. Loss 4%

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

Initial cost = 310. Loss of 25% means selling price = 310 * 0.75 = 232.5. New cost = 232.5. Gain of 40% means selling price = 232.5 * 1.4 = 325.5. Overall gain = 325.5 - 310 = 15.5. Gain percent = (15.5 / 310) * 100 = 5%.

AI explanation

Amit's second selling price is his first selling price multiplied by 1.40, representing a 40% gain. His first selling price represents a 25% loss, which is 0.75 of the cost price. The overall transaction equals 0.75 * 1.40 = 1.05 of the original cost. This yields an overall gain of 5%.

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