Question

15) Ravi purchased two articles for
*1500 each. He sold them, gaining 6% on one
and losing 4% on the other. His gain/loss per
cent in the whole transaction is

WITH FULL SOLUTION PLEASE​

Answer 1

Step-by-step explanation:

Ravi purchased two articles for Rs. 1,500 each.

Then, cost price of two articles = Rs. 3, 000

He sold them, gaining 6%, on one

Then, selling price of one article = 1, 500 x 106/100

= Rs. 1, 590

And losing 4% on the other.

Then, selling price of another article = 1500 x 96/100

= Rs. 1, 440

Thus, selling price of both articles = 1, 590 + 1, 440

= Rs. 3, 030

Profit = 3, 030 – 3, 000

= Rs. 30

Then, percentage of profit = 30 x 100/3, 000

= 1%

Hence, the correct answer is gain, 1%.

hope it helps