A man sold two watches for 6,000 each. On one watch he gains 20% and on the other he loss 20%. What is his net gain or loss per cent?
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Cost price of one watch=6,000
Gain on watch=20/100*6,000=1,200
Selling price of watch=Cost price + Gain=6,000+1,200=7,200
Loss on other watch=20/100*6,000=1,200
Selling Price of other watch=Cost Price - Loss=6,00-1,200=4,800
Total cost price of 2 watches=6000*2=12,000
Total selling price of two watches=7,200+4,800=12,000
We see that selling price of two watches = cost price of two watches.
So the man neither made a profit nor a loss.
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