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A purchased two articles for Rs 4680 and...

A purchased two articles for Rs 4680 and Rs 7020 respectively and sold at gains of 6% and 14.5% respectively. What was his overall gain percentage ?

A

`10.2`

B

`9.7`

C

`12.3`

D

`11.1`

Text Solution

AI Generated Solution

The correct Answer is:
To find the overall gain percentage from the sale of two articles, we will follow these steps: ### Step 1: Calculate the Cost Price (CP) of each article - Article 1: CP = Rs 4680 - Article 2: CP = Rs 7020 ### Step 2: Calculate the Selling Price (SP) of each article - For Article 1, the gain is 6%. - Gain = 6% of CP = 6/100 * 4680 = Rs 280.8 - SP = CP + Gain = 4680 + 280.8 = Rs 4960.8 - For Article 2, the gain is 14.5%. - Gain = 14.5% of CP = 14.5/100 * 7020 = Rs 1014.9 - SP = CP + Gain = 7020 + 1014.9 = Rs 8034.9 ### Step 3: Calculate the Total Cost Price (TCP) and Total Selling Price (TSP) - TCP = CP of Article 1 + CP of Article 2 - TCP = 4680 + 7020 = Rs 11700 - TSP = SP of Article 1 + SP of Article 2 - TSP = 4960.8 + 8034.9 = Rs 12995.7 ### Step 4: Calculate the Total Gain - Total Gain = TSP - TCP - Total Gain = 12995.7 - 11700 = Rs 1295.7 ### Step 5: Calculate the Overall Gain Percentage - Overall Gain Percentage = (Total Gain / TCP) * 100 - Overall Gain Percentage = (1295.7 / 11700) * 100 ≈ 11.06% ### Final Answer The overall gain percentage is approximately **11.06%**. ---
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GAGAN PRATAP -PROFIT & LOSS-Profit & Loss (Miscellaneous)
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