A dealer sold two t shirt for Rs24000 each,gaining 20% one and losing 20% on the other. Find his net gain or loss percentage.
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A dealer sold two t shirt for Rs24000 each
so, total selling price be 24000 + 24000 = 48000
gaining 20% one t shirt
so profit = 24000 + 20% of 24000 = 24000+ 0.2×24000 = 24000 + 4800 = 28800
losing 20% on the other
so loss = 24000 - 20% of 24000 = 24000 - 4800 = 19200
so total transaction = 28800+19200 = 48000
so there is no profit or loss
so, total selling price be 24000 + 24000 = 48000
gaining 20% one t shirt
so profit = 24000 + 20% of 24000 = 24000+ 0.2×24000 = 24000 + 4800 = 28800
losing 20% on the other
so loss = 24000 - 20% of 24000 = 24000 - 4800 = 19200
so total transaction = 28800+19200 = 48000
so there is no profit or loss
profit or loss = (a/10)²
where a = gain or loss percentage
so, loss = (20/10)²= 4
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