Mr. Kapur purchased two toy cycles for Rs. 750 each. He sold these cy…

Question

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 = ?

Accepted Answer

Option B. 1% gain. Answer & Solution Answer: Option B Solution: & Total selling price & = 750 × 100100 + 750 × 96100 & = 795 + 720 & = 1515 & Profit = 1515 - 1500 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs . 15 & Profit \% = 151500 × 100 & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1\%…