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A bought an article for Rs. 7200 and sold it at a loss of 20%. With this amount, he bought another article and sold it at a gain of 50%. What was his overall percentage gain or percentage loss?1. 20% gain2. 15% loss3. 22% gain4. 25% loss |
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Answer» Correct Answer - Option 1 : 20% gain Given: CP of an article = Rs. 7200 Loss% = 20% Gain% = 50% Concept used: Gain% = (SP – CP)/CP × 100% Loss% = (CP – SP)/CP × 100% Calculation: CP of an article = Rs. 7200 Loss% = 20% SP of article = Rs. (80 × 7200/100) = Rs. 5760 Now, CP of the other article = Rs. 5760 Gain% = 50% SP of the other article = Rs. (150 × 5760/100) = Rs. 8640 Overall gain = Rs. (8640 – 7200) = Rs. 1440 Overall gain% = 1440 × 100/7200 = 20% ∴ Overall gain is 20% |
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