Question

A shopkeeper sells two suitcases for ₹2,500 each, gaining 10% on one and losing 20% on the other. Find his overall gain or loss percentage. Please do it the answer is loss 5%. My answer is 7.36​

Answer 1

Answer:

Yes, its 5%..

Step-by-step explanation:

Price of 2 suitcases

= 2* ₹2500

= ₹5000

Gain on 1st is 10%

Selling price = ₹2500 + 0.1 *₹2500 = ₹2750

Loss on 2nd bag is 20%

Selling price = ₹2500 - 0.2*₹2500 = ₹2000

Total selling price = ₹2750 + ₹2000 = ₹4750

Therefore loss,

= ₹5000 - ₹4750

= ₹250

Loss %

= (250/5000) * 100%

= 5%