Ravi purchased two articles for Rs. 1, 500 each

Ravi purchased two articles for Rs. 1, 500 each. He sold them, gaining 6%, on one and losing 4% on the other. His gain/lose percent in the whole transaction is
(a) gain, 1%
(b) loss, 3/2%
(c) gain, 2%
(d) loss, 1%

 

Anurag Mishra Professor Asked on 23rd February 2016 in Maths.
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1 Answer(s)

Answer: (a) gain, 1%

Solution:-
Ravi purchased two articles for Rs. 1,500 each.
Then,  cost price of  two articles = Rs. 3, 000

He sold them, gaining 6%, on one
Then, selling price of one article = 1, 500 x 106/100
= Rs. 1, 590

And losing 4% on the other.
Then, selling price of another article = 1500 x 96/100
= Rs. 1, 440

Thus, selling price of both articles = 1, 590 + 1, 440
= Rs. 3, 030

Profit = 3, 030 – 3, 000
= Rs. 30

Then, percentage of profit = 30 x 100/3, 000
= 1%

Hence, the correct answer is option (a) gain, 1%.

 

Anurag Mishra Professor Answered on 25th February 2016.
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