Question Details

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 :

Options

A

16.5%

B

17%

C

17.5%

D

18%

Show Answer

Correct Answer :

Option D

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 (SPA) = ₹ 382.50

Loss percentage on Article A = 15%

The formula relating Cost Price (CP), Selling Price (SP), and Loss percentage is:

CP=100×SP100-Loss%

Substituting the given values into the formula:

CPA=100×382.50100-15

CPA=3825085=450


Step 2: Find the Cost Price of Article B

Selling Price of Article B (SPB) = ₹ 616

Gain percentage on Article B = 12%

The formula relating Cost Price (CP), Selling Price (SP), and Gain percentage is:

CP=100×SP100+Gain%

Substituting the given values into the formula:

CPB=100×616100+12

CPB=61600112=550


Step 3: Calculate Total Cost Price and Total Selling Price

Total Cost Price of both articles (CPtotal):

CPtotal=CPA+CPB=450+550=1000

New combined Selling Price of both articles (SPtotal) = ₹ 1,180


Step 4: Calculate Total Profit and Percentage Gain

Total Profit = Total Selling Price - Total Cost Price

Total Profit=1180-1000=180

Now, calculate the percentage gain on the total transaction:

Percentage Gain=(Total ProfitCPtotal)×100

Percentage Gain=(1801000)×100=18%


Thus, her percentage gain is 18%.

Unlock Our Free Library

Access expert-curated educational resources and study materials—completely free.

Ask AI Tutor
5 left
Q1 View Question & Options
AI Tutor is solving this question...
Reading question context & options...