New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    A man sold two articles at Rs. 1200 each. On one, he

    gained 20% and on the other, he lost 25%. Find the overall percentage loss.
    A 2.5% Correct Answer Incorrect Answer
    B 3% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    Cost price of the first article = 1200/1.2 = 1000 Cost price of the second article = 1200/0.75 = 1600 Total cost price = 1000 + 1600 = 2600 Total selling price = 1200 + 1200 = 2400 Loss = 2600 - 2400 = 200 Percentage loss = (200/2600) × 100 = 7.69% Answer: d) None of these

    Practice Next