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Ramesh bought 10 cycles for ₹ 500 each. He spent ₹ 2,000 on the repair of all cycles. He sold five of them for ₹ 750 each and the remaining for ₹ 550 each. Then the total gain or loss % is
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Gain of 8 1 % 3 -
Loss of 8 1 % 3 -
Gain of 7 2 % 3 -
Loss of 7 1 % 7
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Correct Option: D
Total actual C.P.
= ₹ (500 × 10 + 2000) = ₹ 7000
Total S.P.
= ₹ (5 × 750 + 5× 550)
= ₹ (3750 + 2750) = ₹ 6500
Loss = 7000 – 6500 = ₹ 500
| Loss percent = | × 100 = | = 7 | % | |||
| 7000 | 7 | 7 |
