a man sold 20 bicycles for 6000 each gaining 20% on the one losing 20% on the other find his gain or loss percent on the whole transaction
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A man sold two cycles for rs 6000 each. Gaining 20 % on one and losing 20 % on other. Find his gain or loss percentage on the whole transaction?
Solution:-
Total selling price = 12000
Cost price of first cycle be
C.P of second cycle be
Then,
➥For first cycle
6000 = CP1(1 + 20/100)
6000 = CP1(6/5)
CP1 = 1000×5 = 5000
➥For Second cycle
6000 = CP1(1 - 20/100)
6000 = CP1(4/5)
CP1 = 1500×5 = 7500
Total CP = 7500 + 5000 = 12500
Loss %
= [(Total CP - Total SP) / Total CP] ×100
= [(6250-6000)/6250]*100
= (250/6250)*100
=04*100
= 4%
There is loss of 4% in whole transaction
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