Raj bought two mirrors for ₹100 each and sold them. On one he lost 20%. On the other he gained one-fifth of the selling price. Find the loss or gain on his total outlay.
A
5/2 % loss
B
5/3 % gain
C
5/2 % gain
D
No loss, no gain
Correct Option:
C
Explanation
• Mirror 1: CP₁ = 100, loss = 20% ⇒ SP₁ = 80.
• Mirror 2: CP₂ = 100. Gain = 1/5 of the selling price.
SP₂ - 100 = 1/5 SP₂ ⇒ 4/5 SP₂ = 100 ⇒ SP₂ = 125.
• Total CP = 100 + 100 = 200.
• Total SP = 80 + 125 = 205.
• Gain = 5 on 200 ⇒ (5/200) × 100 = 5/2% gain (option 3).
