Rehman buys a few apples @ 15 apples for a rupee and the same number of apples at 20 a rupee. He mixes the two lots and sells them at 35 for 2 rupees. What is his gain or loss percentage?
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Given :
Number of apples for a rupee = Rs. 15
Number of apples for a rupee = Rs. 20
Mixes the two lots and sell them Rs. 35 for 2 rupees.
To find : Gain or loss % = ?
Solution :
Let the number of apples be 'x'
So, cost of x apples would be
cost of another x apples would be
total cost price would be :
Selling price for 2x apples would be :
So, Loss would be :
cost price - selling price
So, Loss% would be
hence, his loss % is 2.04%.
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