Question : The cost prices of a pen and a notebook are INR 600 and INR 4,000, respectively. If the pen and the notebook are sold at losses of 20% and 32%, respectively, what will be the approximate percentage of total loss incurred through the two sales made?
Option 1: 21.40%
Option 2: 26.08%
Option 3: 30.43%
Option 4: 28.42%
Correct Answer: 30.43%
Solution :
The cost price of a pen = INR 600
Loss on selling pen = 20% of 600 = INR 120
Selling price of a pen = 600 – 120 = INR 480
Cost price of a notebook = INR 4000
Loss on selling notebook = 32% of 4000 = INR 1280
Selling price of a notebook = 4000 – 1280 = INR 2720
Total cost price = 600 + 4000 = INR 4600
Total selling price = 480 + 2720 = INR 3200
Total loss = 4600 – 3200 = 1400
Total loss percentage = $\frac{1400}{4600}×100= 30.43$%
Hence, the correct answer is 30.43%.
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