A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is:
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
-
A5.00% loss
-
B5.88% gain
-
C6.00% gain
-
D1.00% gain
Answer
Correct Answer: 5.88% gain
Explanation
Given Data
- Transistor 1: SP = Rs. 840 at 20% gain
- Transistor 2: SP = Rs. 960 at 4% loss
- Required: net percent gain or loss on both combined
Step 1: Compute individual cost prices (CP)For 20% gain: SP = 1.20 × CP ⇒ CP1 = 840 ÷ 1.20 = Rs. 700For 4% loss: SP = 0.96 × CP ⇒ CP2 = 960 ÷ 0.96 = Rs. 1,000
Step 2: Aggregate CP and SP, then find net resultTotal CP = 700 + 1,000 = Rs. 1,700Total SP = 840 + 960 = Rs. 1,800Net profit = 1,800 − 1,700 = Rs. 100Net profit% = (100 ÷ 1,700) × 100 ≈ 5.88% gain
Checks & Common Pitfalls
- Always evaluate combined profit by summing CPs and SPs, not by averaging percentages.
- Do not mix up loss base (CP) with SP when reversing loss.
Final AnswerOverall transaction results in a 5.88% gain.