A substance is purchased for Rs. 300. If one fourth of the substance is sold at a loss of 10% and the remaining at a gain of 5%, Find out the overall gain or loss percentage.
Price Received by selling one fourth of the substance at a loss of 10% =
(1/4) * 300 * (90/100) = Rs. 67.5
Price Received by remaining substance at a gain of 5% =
(3/4) * 300 * (105/100) = Rs.236.25 [Note: 1-(1/4) = 3/4]
Total Selling Price =RS303.75
Profit = 303.75 - 300 = 3.75
Profit%=(Gain/Cost∗100)%
=(3.75/300∗100)%
=1.25%