Mr. Kapur purchased two toy cycles for Rs. 750 each. He sold these cycles, gaining 6 % on one and lo

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7.Profit and Loss

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Mr. Kapur purchased two toy cycles for $Rs. 750$ each. He sold these cycles, gaining $6 \%$ on one and losing $4 \%$ on the other. The gain or loss percent in the whole transaction is

A

$1 \%$ loss

B

$1 \%$ gain

C

$1.5 \%$ loss

D

$1.5 \%$ gain

Solution

Total $S.P$ $=\frac{750 \times 100}{100}+\frac{750 \times 96}{100}$

$=795+720=1515$

Profit $=1515-1500=₹ 15$

Profit $\%=\frac{15}{1500} \times 100=1 \%$

Standard 13

Quantitative Aptitude

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