Two chairs are sold at Rs. 1,200 each. One is sold at a 25% gain and the other at a 25% loss. What is the overall loss percentage?
Correct answer D. 6.25%
Explanation
CPs are 1,200/1.25 = Rs. 960 and 1,200/0.75 = Rs. 1,600, totalling Rs. 2,560. Total SP = 2,400, so loss = 160/2,560 × 100 = 6.25%.
Answer checked How we write and check questions
Discussion