Question

a man brought two similar chairs at a given price and sold one at 5% loss and one at 5% gain.find his loss or gain percentage

Answer 1

Answer:

0% - no loss or gain

Step-by-step explanation:

Let x be cost of each chair.

SP of first chair = 0.95x  (because of 5% loss)

SP of 2nd chair = 1.05x  (because 5% profit)

Total SP of both chairs = 0.95x + 1.05x = 2x

Total CP of both chairs = 2x

Gain/loss = SP - CP = 2x-2x = 0.

Hence there is no gain or loss in the complete transaction.