Multiple Choice Questions on Mr Kapur purchased two toy cycles for Rs 750 each He sold these cycles gaining 6 on one and lo........... for SSC CGL Exam Preparation

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Multiple Choice Questions

Mr Kapur purchased two toy cycles for Rs 750 each He sold these cycles gaining 6 on one and lo...........

Quantitative Aptitude (CGL) Profit and loss
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     Mr. Kapur purchased two toy cycles for Rs 750 each. He sold these cycles, gaining 6% on one and losing 4% on the other. The gain or loss percent in the whole transaction is

    1% loss

    Incorrect Answer

    1% gain

    Correct Answer

    1.5% loss

    Incorrect Answer

    1.5 gain

    Incorrect Answer
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    Explanation:

    Total S.P. = 750×100/100+750×96/100
    = 795 + 720 = 1515
    Profit = 1515 - 1500 = Rs. 15
    15 Profit15/1500×100 = 1% gain

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