2012 · Q21
The cost of two articles are in the ratio 3:5. If there is 30% loss on the first article and 20% gain on the second article, what is overall percentage of loss or gain?
Elementary MathematicsArithmetic
- Again 2.25%
- Bloss 5.25%
- Closs 2%
- DNone of the above
Explanation
Net gain = 1k - 0.9k = 0.1k on cost 8k, i.e. 1.25% gain, which is not among the listed options.