A man two chairs sold 500 each first gain 20%and second 12% loses he net gain and loss
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Answer:
he get profit of ₹15.15
1.5%
Step-by-step explanation:
Chair 1
selling price = 500
profit =20%
500=120%
cost of chair 1 = (500/120) ×100
=416.67
chair 2
selling price =500
loss =12%
500 = 88%
cost of chair 2=(500/88)×100
=568.18
total cost price = 416.67 + 568.18
=984.85
total selling price =500+500
=1000
difference = 1000-984.85= 15.15
profit percentage = (15.15/984.85) × 100
=1.5%
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