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.
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    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.
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