What will be on Both Transaction, Gain or Loss? If

Two bicycles were sold for Rs.3990 each gaining 5% on one and losing 5% on other. The gain or loss percent on the whole transaction is

  1. Neither gain transaction is
  2. 2.5% loss
  3. 2.5 % gain
  4. 0.25 % loss
Monis Rasool Professor Asked on 22nd May 2015 in Maths.
Add Comment
1 Answer(s)

Answer: (d) 0.25%
Explanation:-
SP of two bicycle = Rs.3990  and gain = 5%
Therefore, C.P.  of two bicycle = 3990 x 100/(100 + 5) = 3800
5% loss,
then, S.P. of two bicycle = 3990 x 100/(100 – 5) = Rs.4200
So, Total C.P. = 3800 + 4200 = Rs.8000
and total S.P. = 2 x 3990 = Rs.7980
Thus, Loss = 8000 – 7980 = 20
Loss% = 20 x 100/8000
= 0.25%

Hence, the loss percent on the whole transaction is 0.25%.

Anurag Mishra Professor Answered on 28th May 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.