12 Views

Question : Two toys are sold for Rs. 504 each. One toy brings the dealer a gain of 12% and the other a loss of 4%. The gain, or loss percentage, from selling both toys is:

Option 1: $3\frac{5}{13}$% profit

Option 2: $4\frac{5}{13}$% profit

Option 3: $5\frac{1}{13}$% profit

Option 4: $2\frac{3}{13}$% profit


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: $3\frac{5}{13}$% profit


Solution : For the first toy,
Selling price = Rs. 504
Gain% = 12%
504 = Cost price + 12% of Cost price
504 = 1.12 × Cost price
Cost price = Rs. 450
For the second toy,
Selling price = Rs. 504
Loss% = 4%
504 = Cost price – 4% of Cost price
504 = 0.96 × cost price
Cost price = Rs. 525
Total selling price = Rs. 504 + Rs. 504 = Rs. 1008
Total cost price = Rs. 450 + Rs. 525 = Rs. 975
Profit% = $\frac{\text{Selling price – Cost price}}{\text{Cost price}}$ × 100
= $\frac{1008-975}{975}$ × 100%
= $\frac{44}{13}$% = $3\frac{5}{13}$%
Hence, the correct answer is $3\frac{5}{13}$% profit.

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