Question

A man sold two radios for 2000 each. On one he gains16% and on the other he losses 16%. Find his gain or loss percentage in the whole transaction short cut

Answer 1

Answer:

Loss 2.55%

Step-by-step explanation:

Sp of radio 1=2000

Gain%=16%

Cp=(100/100+P%)*SP

=(100/100+16)*SP

=100/116*2000

=1724.1

Sp of radio2 = 2000

loss%=16%

CP = (100/100-L%)*SP

= (100/100-16)*SP

=100/84*2000

=2380.9

Total cp = 1724.1+2380.9

=4105

Total SP = 2000+2000

=4000

Therefore loss = CP-SP

=4105-4000

=105

LOSS %=Loss/CP *100

=105/4105*100

=2.55%