Question : A purchased two articles for Rs. 400 and Rs. 600 respectively and sold at gains of 10% and 20% respectively. What was his overall gain percentage?
Option 1: 16%
Option 2: 20%
Option 3: 18%
Option 4: 15%
New: SSC MTS Tier 1 Answer key 2024 out
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 16%
Solution : Cost price of the 1st article = Rs. 400 Selling price with a gain of 10% = $\frac{110}{100}\times400=440$ Cost price of the 2nd article = Rs. 600 Selling price with a gain of 20% = $\frac{120}{100}\times600=720$ Total cost price = 400 + 600 = 1000 Total selling price = 440 + 720 = 1160 Gain = selling price – cost price = 1160 – 1000 = 160 $\therefore$ Gain percentage $=\frac{\text{Gain}}{\text{cost price}}\times100=\frac{160}{1000}\times100 = 16\%$ Hence, the correct answer is 16%.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile