Question

Babu purchased a car for `3,00,000/- and a bike for his son for `1,00,000/-. He sold the car at a profit of 10% and bike at a loss of 20%. What is the net gain or loss?

• A. 2% profit
• B. 1.5% loss
• C. 2.5% loss
• D. 2.5% profit

Answer 1

Answer: (D)