Multiple choice

A man sold two almirahs for Rs. 4500 each. On one, he gains 12.5% and on the other, he loses 10%. Find the overall percentage gain or loss in the whole transaction.

  1. 2.5% gain

  2. 2% loss

  3. No profit, no loss

  4. Data inadequate

  5. 1% gain
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let %gain on first almirah (g) be 12.5% and %loss on second almirah (l) be 10%.

Then, overall profit/loss% = 100 - (100 + g)(100 - l)/[(100 + g) + (100 - l)] 

= 100 - (100 + 12.5)(100 - 10)/[(100 + 12.5) + (100 -10)] 

= 100 - 100 

= 0%

So, there is no profit and no loss.

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