If a trader sold two cars each at Rs. 404415 and gains 15% on the first and loses 15% on the second, then his profit or loss percent on the whole is ?
Aptitude
Profit and Loss
Choose an option
-
A1.44 %
-
B2.02 %
-
C1.04 %
-
D2.25 %
Answer
Correct Answer: 2.25 %
Explanation
SP of each car is Rs. 404415, he gains 15% on first car and losses 15% on second car.
In this case, there will be loss and percentage of loss is given by = [(profit%)(loss%)]/100
= (15)(15)/100 % = 2.25%