The cost prices of a pen and a notebook are ₹600 and ₹4,000, respectively. If the pen and the notebook are sold at losses of 20% and 32%, respectively, what will be the approximate percentage of total loss incurred through the two sales made?
Answer & explanation
Correct answer: option 3
Cost price of notebook = 4000
cost price of pen = 600
discount on pen = 20%
Discount on notebook = 32%
So SP of pen = 80% of 600 = 480
SP of notebook = 68% of 4000 = 2720
Total CP = 600 + 4000 = 4600
Total SP = 2720 + 480 = 3200
Loss% = (4600 - 3200) × \(\frac{100}{4600}\) = 30.43%