Multiple choice

A man purchases a certain number of apples at Rs. 7 and the same number of apples at Rs. 6. He mixes them together and sells them at Rs. 8. What is his gain or loss per cent?

  1. Gain 6%

  2. Gain 5.13%

  3. Loss 5.13%

  4. Loss 6 %

  5. Gain 7%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

To find his gain or loss, use this shortcut formula: Gain or loss = [(2 * CP1 * CP2)/SP(CP1 + CP2) - 1] = [2 * 7 * 6/8(7 + 6) - 1] × 100 % = 5.13% Sign is positive, so gain = 5.13%.