Profit and Loss Questions and Answers 55

David purchased a house for Rs.75000 and a site for Rs.15000 respectively, if he sold the house for Rs.83000 and the site for Rs.10000, then find the resultant percentage of gain?

A. 30 %

B. 330/3 %

C. 31/3 %

D. 3.33 %

Ans: D.

Solution:
Total CP = 90000 & total SP = 93000 ⇒ gain = SP/CP = 93000/90000 = 1.0333 = 3.33%.

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READ  A sells an article to B at a gain of 20%. B sells is to C at a gain of 25% and C in turn sells is to D at a loss of 331/3%. If D paid Rs.1000 for it, then what is the cost price of A.?

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