Mathematics · Profit and Loss
A seller bought three different types of mobile covers, C1, C2, and C3. The ratio of their selling prices was 3:4:5. He made a profit of 25% on C1, 10% on C2, but incurred a loss of 20% on C3. What was his approximate percent gain or loss in the entire transaction?
- 1Profit of 4.62%
- 2Loss of 4.62%
- 3Loss of 2.33%✓
- 4Profit of 2.33%
Correct answer
Loss of 2.33%
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