Question

A man buys two pens at rs20 each he sells one at a gain of 5 percent and other at loss of 5 percent find his gain or loss percent

Answer 1

Cost Price of 1 pen = Rs 20.

Cost Price of 2 pens = 20 x 2 = Rs 40

.

One pen sold at a gain of 5%:

5% x 20 = 4

20 + 4 = Rs 24

.

One pen sold at a loss of 5%:

5% x 20 = 4

20 - 4 = Rs 16

.

Calculate total earning:

Total earning = 24 + 16 = Rs 40

.

Calculate gain/loss:

Gain/Loss = 40 - 40 = Rs 0

% gain = 0%

.

Answer: There is no gain nor loss in the transaction.