a man sold two bedsheet at rupees 600. on one he gain 20 % and on the other he loss 25 % how much does he gain or loss on the all transaction
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Anmol sold two items for Rs. 1000 each. On one, he gained 10% and on the other, he lost 10%. How much did he gain or lose in the whole transaction?
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Anirudh Chaturvedi, studied Chartered Accountants
Answered Aug 31
Let the two items be X and Y respectively
X be sold at 10% gain
Y be sold at 10 % loss
Cost price of x = 1000/110% =Rs 909.09
Cost price of y = 1000/90% = Rs 1111.12
Gain on sale of x = Rs 90.91
Loss on sale of y = Rs 111.12
Net loss = Rs 111.12 - Rs 90.91 =Rs 20.21
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28 ANSWERS

Anirudh Chaturvedi, studied Chartered Accountants
Answered Aug 31
Let the two items be X and Y respectively
X be sold at 10% gain
Y be sold at 10 % loss
Cost price of x = 1000/110% =Rs 909.09
Cost price of y = 1000/90% = Rs 1111.12
Gain on sale of x = Rs 90.91
Loss on sale of y = Rs 111.12
Net loss = Rs 111.12 - Rs 90.91 =Rs 20.21
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