a man sold two watches at rupees 240 each . On one hand he gain 20 % and on other he lost 20%. The gain or loss per cent in the transaction is
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Answer:
S.P. of both the watches = Rs. 480
S.P. of each watch = Rs. 240
Gain = 20%
∴ C.P. = 240 x 100/100 + 20 = 200
If loss = 20%, then C.P. = 240 x 100/ 100 - 20 = 300
∴ C.P. of both the watches = Rs. 500
∴ Loss % = 20/500 x100 = 4
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