9. A shopkeeper purchased two scooters for Rs. 37,500 each. He sold these scooters, gaining 10 % on one and losing 5% on the other. Find his Overall gain or loss.
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The question requires that we first get the buying price for both.
The one sold at a gain we have :
100/110 × 19800 = 18000
The buying price = 18000
The one sold at a loss we have :
100/90 × 19800 = 22000
The overall buying price for the two is :
22000 + 18000 = 40000
The overall selling price for the two is :
19800 × 2 = 39600
The selling price is lowered than the buying price by :
40000 - 39600 = 400
There is therefore a loss of 400
The percentage loss is thus :
400/40000 × 100% = 1% loss.
Step-by-step explanation:
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