A man sold two watches for ` 1000 each. On one he gains 25% and on the other 20% loss. Find how much % does he gain or loss in the whole transaction? Solution:
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Answer:
2.44% loss
Step-by-step explanation:
total selling price = 1000+1000
= 2000
cost price C.P = selling price S.P/ profit
1st watch c. p = 1000/ (125/100)
c.p = 800
2nd watch c.p = 1000/(80/100)
= 1250
total c.p = 800+1250
= 2050
loss = total c.p - total s.p
= 2050 - 2000
= 50
loss % =( loss/ total c.p) × 100
= (50/2050) × 100
= 2.44%
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