Aman sold two flags for same rate. On one he loss 10% while on other he have profit 5%. How much does he profit or loss percent in the whole transaction?
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Answer:
Step-by-step explanation:
SP - Selling Price
CP - Cost price (Cp is replaced by variable x)
Let us assume that the sale price for each item was 100
item 1
profit % = (sp-cp)/CP *100
10 = (100-x)/X*100
10x=10000-100x
110x=10000
x=10000/110
= 90.90909
Cost of item 1 =90.90
Item 2
Loss% = (CP-SP)/CP*100
10 =(X-100)/X*100
10x=100x-10000
90x=10000
x=111.1111
Cost of Item 2 = 111.11
Total Cost = 90.90 +111.11 =202.02
Total Sales = 100+100 = 200
Net Loss = 2.02
Loss% = (2.02/200)*100
=1.01%
Or approximately 1% loss
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Step-by-step explanation:
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