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Question : Mr. Kapur purchased two toy cycles for Rs. 750 each. He sold these cycles gaining 6% on one and losing 4% on the other. The gain or loss per cent in the whole transaction is:

Option 1: 1% loss

Option 2:

1% gain

Option 3:

1.5% loss

Option 4:

1.5% gain


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer:

1% gain


Solution : If the cost price of two articles is the same then net profit % is the average of all profit %.
So, overall profit % = $\frac{6-4}{2}$% = 1% profit
Hence, the correct answer is '1% gain'.

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