A person bought an article in Rs. 5400 and sold it at a loss of 30%. With this amount, he bought another article and sold at a gain of 50%. What is his overall gain percentage?
Answer & explanation
Correct answer: option 2
ATQ,
(@ -30%) (@ +50% on CP2)
CP1 : SP1 or CP2 : SP2
100 : 70 : 105
Hence,
Final gain is = 105 - 100 = 5
Gain percentage = \(\frac{5}{100}\) × 100% = 5%
Alternate Method:
CP1 = 5400
Loss = 30%
SP1 = 5400 × \(\frac{70}{100}\) = 3780
Now SP1 = CP2 = 3780
Gain = 50%
SP2 = 3780 × \(\frac{150}{100}\) = 5670
Overall gain = SP2 - CP1 = 5670 - 5400 = 270
Gain % = \(\frac{270}{5400}\) × 100% = 5%