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Can you explain the answer of this question below:
If a man sells two articles at Rs125 each. On one he gains 10% while on other he loses 10%. What is the gain or loss percentage on whole transaction?
- A:LOSS 1%
- B:LOSS 15%
- C:PROFIT 1%
- D:PROFIT 1.5%
The answer is a.
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Can you explain the answer of this question below:If a man sells two a...
So Loss 1%
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Can you explain the answer of this question below:If a man sells two a...
Calculation:
Let's assume the cost price of the first article is 'x'. Since the man gains 10% on this article, the selling price of the first article is 1.10x.
Similarly, let's assume the cost price of the second article is 'y'. Since the man loses 10% on this article, the selling price of the second article is 0.90y.
Given:
Selling price of each article = Rs 125
Equations:
1.10x = 125 (Equation 1)
0.90y = 125 (Equation 2)
Solving the equations:
From Equation 1, we get:
x = 125 / 1.10
From Equation 2, we get:
y = 125 / 0.90
Substituting the values of x and y in the respective equations, we get:
x = 113.64
y = 138.89
Calculation of total cost price and total selling price:
Total cost price = x + y = 113.64 + 138.89 = 252.53
Total selling price = (1.10x) + (0.90y) = (1.10 * 113.64) + (0.90 * 138.89) = 125 + 125 = 250
Calculation of gain or loss percentage:
Total gain or loss = Total selling price - Total cost price = 250 - 252.53 = -2.53
Gain or loss percentage = (|Total gain or loss| / Total cost price) * 100
= (2.53 / 252.53) * 100
≈ 1%
Conclusion:
The gain or loss percentage on the whole transaction is approximately 1%. Therefore, the correct answer is option A: LOSS 1%.
Let's assume the cost price of the first article is 'x'. Since the man gains 10% on this article, the selling price of the first article is 1.10x.
Similarly, let's assume the cost price of the second article is 'y'. Since the man loses 10% on this article, the selling price of the second article is 0.90y.
Given:
Selling price of each article = Rs 125
Equations:
1.10x = 125 (Equation 1)
0.90y = 125 (Equation 2)
Solving the equations:
From Equation 1, we get:
x = 125 / 1.10
From Equation 2, we get:
y = 125 / 0.90
Substituting the values of x and y in the respective equations, we get:
x = 113.64
y = 138.89
Calculation of total cost price and total selling price:
Total cost price = x + y = 113.64 + 138.89 = 252.53
Total selling price = (1.10x) + (0.90y) = (1.10 * 113.64) + (0.90 * 138.89) = 125 + 125 = 250
Calculation of gain or loss percentage:
Total gain or loss = Total selling price - Total cost price = 250 - 252.53 = -2.53
Gain or loss percentage = (|Total gain or loss| / Total cost price) * 100
= (2.53 / 252.53) * 100
≈ 1%
Conclusion:
The gain or loss percentage on the whole transaction is approximately 1%. Therefore, the correct answer is option A: LOSS 1%.
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Can you explain the answer of this question below:If a man sells two a...
So Loss 1%
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Can you explain the answer of this question below:If a man sells two articles at Rs125 each. On one he gains 10% while on other he loses 10%. What is the gain or loss percentage on whole transaction?A: LOSS 1%B: LOSS 15%C: PROFIT 1%D: PROFIT 1.5%The answer is a.
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Can you explain the answer of this question below:If a man sells two articles at Rs125 each. On one he gains 10% while on other he loses 10%. What is the gain or loss percentage on whole transaction?A: LOSS 1%B: LOSS 15%C: PROFIT 1%D: PROFIT 1.5%The answer is a. for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Can you explain the answer of this question below:If a man sells two articles at Rs125 each. On one he gains 10% while on other he loses 10%. What is the gain or loss percentage on whole transaction?A: LOSS 1%B: LOSS 15%C: PROFIT 1%D: PROFIT 1.5%The answer is a. covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:If a man sells two articles at Rs125 each. On one he gains 10% while on other he loses 10%. What is the gain or loss percentage on whole transaction?A: LOSS 1%B: LOSS 15%C: PROFIT 1%D: PROFIT 1.5%The answer is a..
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