Question

A man sold two cycles for $\text{Rs.}1500$ each, gaining $\text{Rs.}20$ on one and saving $\text{Rs.}20$ on the other. Find his gain or loss percentage on the whole transaction?

• A. $1.05\%$
• B. $1.35\%$
• C. $2.15\%$
• D. $2.70\%$

Answer 1

The correct option is B $1.35\%$

Total selling price $=\text{Rs.}2\times 1500=\text{Rs.}3000$

Total profit $=\text{Rs.}(20+20)=\text{Rs.}40$

Total cost price $=\text{Rs.}(3000-40)=\text{Rs.}2960$

Total gain percent $=\frac{40}{2960}\times 100=1.35\%$