Difficulty: Medium
Correct Answer: 5.88% gain
Explanation:
Given Data
Step 1: Compute individual cost prices (CP)
For 20% gain: SP = 1.20 × CP ⇒ CP1 = 840 ÷ 1.20 = Rs. 700For 4% loss: SP = 0.96 × CP ⇒ CP2 = 960 ÷ 0.96 = Rs. 1,000
Step 2: Aggregate CP and SP, then find net result
Total CP = 700 + 1,000 = Rs. 1,700Total SP = 840 + 960 = Rs. 1,800Net profit = 1,800 − 1,700 = Rs. 100Net profit% = (100 ÷ 1,700) × 100 ≈ 5.88% gain
Checks & Common Pitfalls
Final Answer
Overall transaction results in a 5.88% gain.
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