Question

A shop keeper sold two of his second hand fridge for 30000each,on one he made a gain of 5 %and on the other a loss of10%. Find his overall gain or loss ​

Answer 1

Answer:

5%

Step-by-step explanation:

=> CP of each fridge = Rs 30,000

=> Total CP of 2 fridge = 2×(Rs 30,000) = Rs 60,000

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For first bridge,

=> Gain %= 5%

=> CP × Gain% = (Gain)×100

=> 30,000× 5 = 100(Gain)

=> 300×5 = Gain

=> Gain = Rs 1,500

For second fridge,

=> Loss% = 10%

=> CP × Loss% = (Loss)×100

=> 30,000 ×10 = 100(Loss)

=> Loss = Rs 3,000

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Since Loss> Gain

So, Total Loss = Rs(3,000-1,500) = Rs 1,500

=> Loss% = (Loss/CP)×100

= (1,500/30,000)×100

= 5%