Question : A person sold two cars for INR 60,000 each. On one, he gained 20% while on the other he lost 20%. Find the percentage of his gain or loss.
Option 1: Gain 4%
Option 2: Loss 4%
Option 3: Loss 2%
Option 4: No profit and no loss
Correct Answer: Loss 4%
Solution : The profit on the first car = 20% The cost price of the first car = $60000 \times \frac{100}{{100 + 20}}$ = INR 50000 The loss on the second car = 20% The cost price of the second car = $60000 \times \frac{100}{{100 - 20}}$ = INR 75000 Total cost price of both the cars = 50000 + 75000 = INR 125000 Total selling price of both the cars = 2 × 60000 = INR 120000 Loss = 125000 – 120000 = 5000 $\therefore$ Loss percentage $=\frac{5000}{125000} × 100 = 4\%$ Hence, the correct answer is a loss of 4%.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : A person sold an article at a loss of 16%. Had he sold it for INR 660 more, he would have gained 8%. What should be the selling price (in INR) to gain a profit of 12%?
Question : A person sold an article at a loss of 16%. Had he sold it for Rs. 660 more, he would have gained 8%. If the article is sold at Rs. 3,080, then how much profit percentage is gained?
Question : Ankita sold three toys. The first toy was sold for INR 1,500 at a profit of 25%, the second toy was sold for INR 2,800 at a loss of 50% and the third toy was sold for INR 3,500 at a profit of 25%. Find her total profit or loss percentage.
Question : On selling an article for INR 115, the gain is 20% more than the loss incurred on selling it for INR 104. If the article is sold for INR 130.80, then the profit percentage is:
Question : A person bought 50 pens for Rs 50 each. He sold 40 of them at a loss of 5%. He wants to gain 10% on the whole. Then his gain percentage on the remaining pens should be:
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile