a man buys two bats one for ₹1360and the other for ₹1040. he sells the first bat at a gain of 15percent and the second one at a loss of 15percent . find his gain or loss percent in the whole transaction?
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Answer:
First bat:
CP=1360
gain percent=15
Therefore SP=100+gain percent/100×CP
SP=100+15/100×1360
SP=115/10×136
SP=15640/10
SP=1564
Therefore SP=1564
Second bat:
CP=1040
loss percent=15
Therefore SP=100-loss percent/100×CP
SP=100-15/100×1040
SP=85/100×1040
SP=85/10×104
SP=8840/10
SP=884
Therefore SP=884
Total CP=1360+1040=2400
Total SP=1564+884=2448
Therefore loss=SP-CP
=2448-2400=48
Therefore loss percent=loss/CP×100
=48/2400×100
=48/24
=2 percent
Therefore loss percent =2 percent
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