A man sold two cycles for Rs:3000 each.Gaining 20% on one and losing 20%. on the other.Find his gain or loss percentage on. the. whole transaction?
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Answer:
SP = 3000
GAIN = 20percent
CP = 100 / 120 * 3000
= 100 * 25
= Rs 2500
LOSS = 20 percent
CP = 100/80 *3000
= 100 * 37.5
= Rs 3750
Total CP = RS 6000
Total SP = 3750 + 2500 = RS 6250
Since SP is greater than CP it is a case of profit.
Profit = 6250 - 6000 = Rs 250
Profit percent = 250 / 6000 *100
= 25/6 percent
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