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Q.

A man sold two articles for Rs 3000 each gaining Question Image on the one and losing Question Image on the other hand. His gain or loss percent on the whole transaction is ____.


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Detailed Solution

Concept- We apply the concept of profit and loss in such questions. Determine the total of the cost price and the selling price of both goods. The whole selling price must then be removed from the total cost price to obtain the necessary loss. The loss percentage on the entire transaction can be calculated using the percentage formula.
Question Image Total selling price = Rs. Question Image Rs. Question Image Rs. 6000 .
Question Image Cost price of the first article Question Image Rs. 2500
Question Image Cost price of the second article Question Image Rs. 3750 .
Question Image Total cost price Question Image Rs. 6250
Question Image Loss = Total Cost price - Total selling price = Rs. Question Image Rs. Question Image Rs. 250
Question Image Loss percentage Question ImageHence, the correct answer is 4%.
 
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