A man sells 2 chairs at Rs500 each.On one he gains 20% and on the other he loses 12%.Find gis net gain or loss percent.
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Let the price of the first chair be x, he gains 20%. Therefore, x + (20/100 * x) = ₹500.
On solving, we get 1.2x = ₹500 ⇒ x = ₹416.67.
Let the price of the second chair be y, he loses 12%. Therefore, y - (12/100 * y) = ₹500.
On solving, we get 0.88y = ₹500 ⇒ y = ₹568.18.
His total income was ₹1000. His net profit/loss was 1000 - (416.67+568.18) = ₹15.15
Therefore, we have net profit = 15.15/1000 * 100 = 1.515% = 1.5%
On solving, we get 1.2x = ₹500 ⇒ x = ₹416.67.
Let the price of the second chair be y, he loses 12%. Therefore, y - (12/100 * y) = ₹500.
On solving, we get 0.88y = ₹500 ⇒ y = ₹568.18.
His total income was ₹1000. His net profit/loss was 1000 - (416.67+568.18) = ₹15.15
Therefore, we have net profit = 15.15/1000 * 100 = 1.515% = 1.5%
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gain 25 and loss 41is the right answer may be
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