A man sold two cycles for 5000 each, gaining 20% on one and losing 20% on
the other. Find his gain or loss percentage on the whole transaction?
Answers
Answered by
1
Answer:
gain = 25000 %
loss = 25000%.
Answered by
1
Answer:
4% is the loss in whole transaction
Step-by-step explanation:
Rs. 10,000 is the Total Selling Price of 2 bicycles.
(5000*100)/120 + (5000*100)/80 = Total Cost Price 2 bicycles
4167 + 6250 = Total Cost Price
10417 = Total Cost Price of 2 bicycles
Now, Total Loss = Total SP - Total CP
Total Loss = 10,000 - 10,417
Total Loss = -417
Total Loss% = 417/10417 = 4%
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