New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Anita tried her hands on selling a cake that she had baked. She sold half of her cake at 20% profit, but seeing that cake would perish soon, sold half of the remaining cake at cost price. She had to sell the rest of the cake at 20% loss. What was her total percentage gain or loss?

    A 10% loss Correct Answer Incorrect Answer
    B 5% loss Correct Answer Incorrect Answer
    C 5% profit Correct Answer Incorrect Answer
    D 10% profit Correct Answer Incorrect Answer
    E Neither gain nor loss Correct Answer Incorrect Answer

    Solution

    Let the weight of the cake be 1000 g which costed her Rs. 100 500 g at 20% profit ⇒ S.P = 60 250 g at cost price ⇒ S.P = 25 250 g at 20% loss ⇒ S.P = 20 ⇒ Total SP = Rs. (60 + 20 +25) = Rs. 105 Gain = 5%

    Practice Next

    Relevant for Exams: