Question

A man sold two cycles at rupees 960 each. On one, he gained 20%
and on the other , he lost 20%. Find his net gain % or loss % in the
whole transaction.
plz fast.....

Answer 1

Answer:

Loss of 4%

Step-by-step explanation:

First we need to find the C. P. of the first cycle

=> (1+20/100)x = ₹960

120/100x = 960

x = 960 × 100/120

x = ₹ 800

Second we need to find the C. P. of the second cycle

=> (1-20/100)x = ₹960

80/100x = 960

x = 960 × 100/80

x = ₹1200

Total price gained after selling = ₹(960 ×2)

= ₹1920

Total price given while buying =1200 + 800

= ₹2000

Loss = 2000 - 1920

= ₹ 80

Therefore, Loss % = 80/2000 × 100

= 4% (ANSWER)