Renu loses 15% by selling an article A for ₹ 382.50 and gains 12% by selling article B for ₹ 616. If she sells both articles for ₹ 1,180, then her percentage gain is :
Correct Answer :
18%
Solution :
The correct option is 18%.
Step-by-Step Solution:
Step 1: Find the Cost Price of Article A
Selling Price of Article A () = ₹ 382.50
Loss percentage on Article A = 15%
The formula relating Cost Price (), Selling Price (), and Loss percentage is:
Substituting the given values into the formula:
Step 2: Find the Cost Price of Article B
Selling Price of Article B () = ₹ 616
Gain percentage on Article B = 12%
The formula relating Cost Price (), Selling Price (), and Gain percentage is:
Substituting the given values into the formula:
Step 3: Calculate Total Cost Price and Total Selling Price
Total Cost Price of both articles ():
New combined Selling Price of both articles () = ₹ 1,180
Step 4: Calculate Total Profit and Percentage Gain
Total Profit = Total Selling Price - Total Cost Price
Now, calculate the percentage gain on the total transaction:
Thus, her percentage gain is 18%.
Access expert-curated educational resources and study materials—completely free.
Create, conduct, and manage professional online assessments with Mindyard. Perfect for teachers and institutes.
Copyright © 2026 Mindyard. All Rights Reserved.