A

Admin • 802.91K Points
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Q. Mr.Mittal purchased a car for Rs. 3,00,000 and a bike for his son for Rs. 1,00,000. He sold the car at a profit of 10% and bike at a loss of 20%. What is the net gain or loss?

  • (A) 2% gain
  • (B) 1.5% loss
  • (C) 2.5% loss
  • (D) 2.5% gain
  • Correct Answer - Option(D)
  • Views: 2
  • Filed under category Math
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Explanation by: Admin
Gain = 10% of 3,00,000 = 30000
Loss = 20% of 1,00,000 = 20000
Net gain = 10000 over Rs.4 lakh
Hence, profit = 10000/400000 x 100 = 2.5%

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