Q. Mr.Mittal purchased a car for Rs. 3,00,000 and a bike for his son for Rs. 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% gain
• B. 1.5% loss
• C. 2.5% loss
• D. 2.5% gain

Correct Answer: D