Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?
Answer & explanation
Correct answer: option 1
Let the total quantity = 4
75% of 4 = 3
25% of 4 = 1
CP SP
3-----24%Gain----3.72
1----(40%)Loss----0.6
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4 4.32
Profit = 4.32 - 4 = 0.32
Profit% = \(\frac{0.32 × 100}{4}\) = 8%