Question

A shopkeeper sold two articles for 500 each, gaining 4% on one and losing 4% on the other. Find his gain or loss percent as a whole.


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Answer 1

⇒ Total selling price = Rs.3000+Rs.3000=Rs.6000.

⇒ Cost price of the first article =

120

3000×100

=Rs.2500

⇒ Cost price of the second article =

80

3000×100

=Rs.3750.

⇒ Total cost price = 2500+3750=Rs.6250

⇒ Loss = Total Cost price - Total selling price = Rs.6250−Rs.6000=Rs.250

⇒ Loss percentage =

6250

250

×100=4%