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CTET Feb16p2, q60

0. Ravi purchased two articles for ₹1500 each. Resold them, gaining 6% on one and losing 4% on the other. His gain/loss percent in the whole transaction is

  • Option : A
  • Explanation : Given, Ravi purchase two articles for ₹1500 each.
    Total CP = ₹3000.
    Ravi gets 6% profit on first article, then SP of 1st article
    = 1500 + 1500 x 6/100.
    = ₹1590.
    After selling 2nd article, he loses 4%. Then, SP of 2nd article
    = 1500 - 1500 x 4/100.
    = ₹1440.
    ∴ Total amount after selling of both article
    = 1590 + 1440 = ₹3030.
    ∴ profit % = 30/3000 x 100% = =1 %.
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