Question

2 ravi purchases two tv's at rs 3500 each. He sold one tv at 10% gain and the other at 10% loss. What is his total gain or loss percentage? (

Answer 1

CP SP

10 11

10 09

CP - 20

SP - 20

No profit no loss

Answer 2

The total gain or loss percentage = 0%

Explanation:

Given : The cost price of each TV = Rs 3500

He sold one tv at 10% gain and the other at 10% loss.

Loss/ gain on a TV = 10% of (cost price of each TV)

= 0.10 x (3500)   [We convert percentage into decimal by dividing it by 100]

i.e. Loss/ gain on one TV = Rs 350

Since the loss and the gain area same, so the net loss/ or gain is 0.

Mathematically , Net loss or gain = Gain - Loss = 350-350=0

Hence, the total gain or loss percentage = 0%.

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