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A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage
- A2.2 %
- B2.3 %
- C2.4 %
- D2.5 %
Correct answer: D
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CCommunity
2.5 %
Price Received by selling one fourth of the material at a loss of 20% =
(1/4) * 600 * (80/100) = Rs. 120
Price Received by remaining material at a gain of 10% =
(3/4) * 600 * (110/100) = Rs. 495 [Note: 1-(1/4) = 3/4]
Total Selling Price = 120 + 465 = Rs. 615
Profit = 615 - 600 = 15
Profit%=((Gain/Cost)∗100)%
Price Received by selling one fourth of the material at a loss of 20% =
(1/4) * 600 * (80/100) = Rs. 120
Price Received by remaining material at a gain of 10% =
(3/4) * 600 * (110/100) = Rs. 495 [Note: 1-(1/4) = 3/4]
Total Selling Price = 120 + 465 = Rs. 615
Profit = 615 - 600 = 15
Profit%=((Gain/Cost)∗100)%