Pedro bought two cars, one for ₱600,000.00 and the other for ₱400,000.00. He sold the former at a gain of 10% and the latter at a loss of 12%. What percentage of the total investment was his gain or loss?

Pedro had a gain of 1.2%

Step-by-step explanation:

Percentages

Pedro bought two cars. One for $600,000 and the other for $400,000.

He sold the first car at a 10% profit. Thus the gain was:

$600,000 * 10 / 100 = $60,000

He sold the other car at a 12% loss. Thus the loss was:

$400,000 * 12 / 100 = $48,000

The total gain or loss was $60,000 - $48,000 = $12,000

Since it's positive, the total balance is at gain.

The total investment was $600,000 + $400,000 = $1,000,000

The total gain is a percentage of the total investment of:

$12,000 / $1,000,000 * 100 = 1.2%

Pedro had a gain of 1.2%

figure c

step-by-step explanation:

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