a shopkeeper bought two phones for 8000 each, after selling the phones he made a loss of 5% on first phone and 8% profit on another phone.Calculate the overall gain or loss percent on whole transaction
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Step-by-step explanation:
loss on first phone = 5/100 × 8000
Rs 400
profit on second phone = 8/100 × 8000
Rs 640
total selling price = (8000 - 400) + (8000 + 640)
= 7600 + 8640
= Rs 16240
total cost price = Rs 16000
total gain = 16240 - 16000
= Rs 240
gain% = (240 × 100) ÷ 16000
= 24000 ÷ 16000
= 1.5%
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