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A shopkeeper sold two articles for Rs 9471 each. On one, he gained 23% and on the other, he lost 23%. What is the overall percentage
gain or loss?
5.29% gain
5.29% loss
6.29% loss
6.29% gain
- The shopkeeper sold two articles for Rs 9471 each, one with a 23% gain and the other with a 23% loss.
- To calculate the overall loss or gain, we need to consider the formula for such scenarios: Overall Loss or Gain % = [(Loss % × Gain %) / 100].
- Here, Loss % = Gain % = 23%. So, Overall Loss % = [(23 × 23) / 100] = 5.29%.
- Since the product of loss and gain percentages is positive, it results in an overall loss.
- Now, let's analyze the given options:
- Option 1: 5.29% gain (incorrect, as it's a loss, not a gain)
- Option 2: 5.29% loss (correct - overall loss)
- Option 3: 6.29% loss (incorrect, calculated loss is 5.29%)
- Option 4: 6.29% gain (incorrect, as it's a loss, not a gain)
By: santosh ProfileResourcesReport error
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