2 Views

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'.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books