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7.Profit and Loss
medium
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