Two tables are sold for Rs. 5984 each. The gain on one article is 36% and the loss on another article is 56%. What is the overall gain or loss percentage?
Answer & explanation
Correct answer: option 3
Profit = 36%
\(\frac{SP_1}{CP_1}\) = \(\frac{136}{100}\)
136 → 5984
1 → 44
CP1 = 100 → 4400
Loss of 56%
\(\frac{SP_2}{CP_2}\) = \(\frac{44}{100}\)
44 → 5984
1 → 136
CP2 = 100 → 13600
Total CP = 4400 + 13600 = 18000
Total SP = 5984 + 5984 = 11968
Loss 6032
Loss % = \(\frac{6032}{18000}\) × 100 = 33.51%