Question
Quantitative Aptitude Question on Profit and Loss
A shopkeepers marked price of an article is 140% of the cost price. He sold the articles under two schemes. Scheme 1 is to sell each article at a discount of 10% and scheme 2 to sell two articles at a discount of 15% each. He sold 60% of the articles under scheme 2 and the remaining under scheme 1. What is his overall gain or loss percentage?
A
0.08%loss
B
11.8%gain
C
13.6%gain
D
21.8%gain
E
23.6%gain
Answer
21.8%gain
Explanation
Solution
The correct answer is option (D): 21.8%gain