Question

Q7. A purchased two articles for rs.200 and rs.300 respectively and sold at gains of 5% and 10% respectively. What was his overall gain percentage?

Answer 1

Step-by-step explanation:

gain%= (gain×100)/CP

Loss%= (loss×100)/CP

Answer 2

Overall gain percentage is 8%

Step-by-step explanation:

Step 1.

The cost price of the first article is Rs. 200

Gain percentage = 5%

Then gain = Rs. 200 * 5/100 = Rs. 10

Step 2.

The cost price of the second article is Rs. 300

Gain percentage = 10%

Then gain = Rs. 300 * 10/100 = Rs. 30

Step 3.

Total cost price of two articles is Rs. (200 + 300)

= Rs. 500

and gain = Rs. (10 + 30) = Rs. 40

Therefore overall gain percentage is

= total gain / total cost price * 100%

= 40/500 * 100%

= 8%