Question

a man sold two gas stove for 8400each. he sold one at a gain of 20%​

Answer 1

Answer:

20% profit

Step-by-step explanation:

Answer 2

Answer:

Loss % = 4 %

Step-by-step explanation:

Let the CP of gas stove 1 be x and gas stove 2 be y

Given that selling price (SP) for both is the same = ₹ 8400

Case 1:

First gas stove: Cost price (CP) = x

Selling Price (SP) = ₹ 8400

Gain % = 20%

Cost price of first gas stove = ₹ 7000

Case 2:

Second gas stove: Cost price (CP) = y

Selling price (SP) = ₹ 8400

loss % = 20%

∴ Cost price of second stove = ₹ 10,500

From (1) and (2),

Total cost price = Cost of stove 1 + Cost of stove 2

= 7000 + 10500 = 17,500

Total selling price = SP of stove 1 + SP of stove 2

= 8400 + 8400 = 16,800

Now, we find that total selling price is less than total cost price, therefore it is a loss

∴ Loss = CP – SP= 17,500 – 16,800 = 700

Loss % = loss/CP x 100 = 700/17500 x 100 = 4%

Loss % = 4 %

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