Question

A man sold two boxes for Rs.2100 each. He sold one box at a profit of 20% and the other box at a loss of 16%. Find the overall gain or loss?

Answer 1

Step-by-step explanation:

Selling price of watch A and watch B= Rs. 425

Let cost price of watch A=x

Profit =10%

∴

100

110

x=425

x=386.36

Let cost price of watch B=y

Loss =10%

∴

100

90

y=425

y=472.22

Net cost price =x+y=858.5858

Net selling price =850

Loss%=

858.58

858.5858−850

×100=1%