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      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%

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