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Select the correct answerTwo articles are sold for rupees 10,384 each, the seller gains 18% on one and on the other, he loss 12%. What is his overall gain or loss?OptionsRs 178 gainRs 178 lossRs 168 gainRs 168 loss

Question

Select the correct answerTwo articles are sold for rupees 10,384 each, the seller gains 18% on one and on the other, he loss 12%. What is his overall gain or loss?OptionsRs 178 gainRs 178 lossRs 168 gainRs 168 loss

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Solution

To solve this problem, we first need to calculate the cost price for each article.

Let's start with the article that was sold at a gain of 18%. If the selling price is 118% of the cost price (because it includes the original price plus 18% profit), then we can find the cost price by dividing the selling price by 1.18.

So, the cost price of the first article = 10384 / 1.18 = Rs 8800 approximately.

Next, let's calculate the cost price for the article that was sold at a loss of 12%. If the selling price is 88% of the cost price (because it includes the original price minus 12% loss), then we can find the cost price by dividing the selling price by 0.88.

So, the cost price of the second article = 10384 / 0.88 = Rs 11800 approximately.

The total cost price for both articles = Rs 8800 + Rs 11800 = Rs 20600.

The total selling price for both articles = Rs 10384 + Rs 10384 = Rs 20768.

So, the overall gain = Total selling price - Total cost price = Rs 20768 - Rs 20600 = Rs 168.

Therefore, the correct answer is "Rs 168 gain".

This problem has been solved

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