Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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?

Options:

10%

5%

15%

12%

Correct Answer:

5%

Explanation:

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%