- A6.67
- B8
- C16
- D6.25
Step-by-Step Solution
CP of the first = 2400/1.20 = ₹2000; CP of the second = 2400/0.96 = ₹2500. Total CP = ₹4500 against a total SP of ₹4800, so the gain is ₹300 = 300/4500 = 6.67%. (Averaging +20 and −4 to get 8% uses the wrong bases.)
Answer: A) 6.67