Practicing Success
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? |
10% 5% 15% 12% |
5% |
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% |