43 Views

Question : A man bought two flats for INR 60,75,000 each. He sold one flat at a 10% gain and another at a 15% loss. How much percent does he gain or lose on the whole?

Option 1: 5% loss

Option 2: 5% gain

Option 3: 2.5% loss

Option 4: 3% gain


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: 2.5% loss


Solution : Profit = 10% of 60,75,000 = Rs. 607500
Loss = 15% of 60,75,000 = Rs. 911250
Overall loss = 911250 – 607500 = 303750
Loss% = $\frac{\text {Total loss}}{\text{Total cost}}\times 100$
= $\frac{ 303750}{2\times 60,75,000}\times 100 =2.5\% $
Hence, the correct answer is 2.5% loss.

Know More About

Related Questions

Amity Online MBA
Apply
Apply for an Online MBA from Amity Online.
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books