Question

Mr.mittal purchased a car for rs. 3,00,000 and a bike for his son for rs. 1,00,000. he sold the car at a profit of 10% and bike at a loss of 20%. what is the net gain or loss?

Answer 1

The net gain is of 2.50%

Answer 2

Answer:

2.5%

Explanation:

Gain = 10% of 3,00,000 = 30000

Loss = 20% of 1,00,000 = 20000

Net gain = 10000 over Rs.4 lakh

Hence, profit = 10000/400000 x 100 = 2.5%