Question

A man sold 2 articles at Rs. 6000 each. These were sold at 25% gain and 25% loss respectively. Find gain or loss percent in the whole transaction?

step by step and correct answer shouls be given

i will mark you a brainlist
please fast

Answer 1

Given: A man sold two articles at Rs.$6000$each. These were sold at a $25$% gain and $25$% loss.

We have to find the gain or loss percent in the whole transaction.

As we know that the formula is used to calculate the profit percent is:

Profit% $=\frac{\text { Profit }}{\text { CostPrice }} \times 100$

We are solving in the following way:

We have,

A man sold two articles at Rs.$6000$each. These were sold at a $25$% gain.

So, the profit will be:

$=25\%\ of\ 6000\\\\=\frac{25}{100}\times6000\\\\=1500$

Now,

CP=SP-Profit

CP=$6000-1500$

CP=$4500Rs.$

By putting the value of profit and cost price in the formula:

Profit% $=\frac{\text { Profit }}{\text { CostPrice }} \times 100$

$=\frac{1500}{4500} \times100\\\\=\frac{100}{3} \\\\=33.33$

Hence, the gain percent will be$33.33\%$.