Profit and loss

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Mona purchased two sets of jewellery for Rs.4,000 each. She sold these sets of jewellery, gaining 8% on one and loosing 6% on the other. Calculate her total loss or gain in this whole transaction.

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Rs.120 gain

Rs.80 gain

Rs.80 loss

Rs.120 loss

Explanation:

- Mona bought two sets of jewellery for Rs.4,000 each.

- On the first set, she gained 8%. Her profit from this set is 8% of Rs.4,000, which is Rs.320. So, she sold this set for Rs.4,320.

- On the second set, she incurred a loss of 6%. Her loss on this set is 6% of Rs.4,000, which amounts to Rs.240. Therefore, she sold this set for Rs.3,760.

- Total selling price of both sets = Rs.4,320 + Rs.3,760 = Rs.8,080.

- Total cost price of both sets = Rs.4,000 + Rs.4,000 = Rs.8,000.

- The total gain = Selling price - Cost price = Rs.8,080 - Rs.8,000 = Rs.80 gain.

Therefore, the correct option is Option:2, Rs.80 gain