Question

A man sells two chairs for rs. 480 each. On one he makes a profit of 20 % and on the other he makes a loss of 20 %. Find his total loss/gain in these two transactions (in rs.).

Answer 1

Answer:

Step-by-step explanation:

480*20%=96

1st chair=480+96=576

2nd chair=480-96=384

Answer 2

Answer:

p% = sp-cp/cp×100

20= 480-cp/cp×100

20cp= 48000-100cp

120cp=48000

cp=48000/120=400

loss%= cp-sp/cp×100

20%= cp-480/cp×100

20cp=100cp-48000

80cp=48000

cp=48000/80= 600