engineering recuitment NCL Assistant Foreman (Trainee) Mock Test 2024 Quantitative Aptitude Profit and Loss Successive Selling
Ramesh bought 10 cycles for Rs. 500 each. He spent Rs. 2000 on the repair of all cycles. He sold five of them for Rs. 750 each and the remaining for Rs. 550 each. Then, the total gain or loss% is
1
Gain of \(8\frac{1}{3}\%\)
2
Loss of \(8\frac{1}{3}\%\)
3
Gain of \(7\frac{2}{3}\%\)
4
Loss of \(7\frac{1}{7}\%\)