Question

A man purchased a scooter for Rs. $6250$ and sold it at $8\%$ profit. He purchased another scooter for Rs. $3750$. After selling it he found that he has gained $2\%$ on the whole. Then in the sale of the second scooter he has

• A. $8\%$ loss
• B. $8\%$ gain
• C. $10\%$ gain
• D. $6\%$ loss

Answer 1

The correct option is A $8\%$ loss

Profit on the $1^{st}$ scooter $=\frac{8}{100}\times$ Rs. $6250=$ Rs. $500$
Profit on both the scooters $=\frac{2}{100}\times$ Rs. $10000=$ Rs. $200$
$\therefore$ the man has a loss of Rs. $300$ on the second scooter.
$\therefore$ Loss $\%$ $=\frac{300}{3750}\times 100=8\%$