Two articles are sold for Rs2508 each On one there is a gain of 14 and on the other there is a loss ...........

Quantitative Aptitude (CGL) Profit and loss

Two articles are sold for Rs2508 each. On one, there is a gain of 14% and on the other, there is a loss of 12%. What is the overall

gain or loss percent to nearest one decimal place?

This questions was previously asked in

SSC CGL 11 June 2019 Shift-3

View All ssc Previous Year Papers

0.5% gain

0.7% loss

0.7% gain

0.5% loss

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Explanation:

S.P of 1st article = 2508, gain= 14%
C.P = $2508\times _{114}^{100}=2200$
S.P of 2nd article = 2508, loss = 12%
C.P = $2508\times _{88}^{100}=2850$
Total C.P = 2200+2850=5050
Total S.P=2508+2508=5016
Overall loss% = $\times _{5050}^{34\times 100}= 0.70$