A man sells one camera a for rs. 7500 at a gain of 20% and another camera b for rs. 8550 at a loss of 5 %. Find his total loss or gain%.
Answers
Answered by
7
Answer:
gain% = 5.24%
Step-by-step explanation:
Given that,
profit the man earn is 20% on a camera which he sells for = 7500
loss the man had is 5% on another camera which he sells for = 8550
To find,
total loss or gain%
First we will calculate cost price
PROFIT:
7500 = originalPrice + 20% of originalPrice
7500 = x + (20/100)*x
7500 = x + 0.2x
7500 = 1.2x
x = 7500/1.2
x = 6250
LOSS:
8550 = originalPrice - 5% of originalPrice
8550 = x - (5/100)x
8550 = x - 0.05x
8550 = 0.95x
x = 9000
Total C.P. = 6250 + 9000 = Rs. 15250
Total S.P. = 7500 + 8550 = Rs. 16050
Selling Price > Cost Price, hence man gains during this transaction.
Gain = S.P. – C.P. = 16050 – 15250 = Rs. 800
Gain% = (800× 100) / 15250 = 5.24%
Similar questions