Question

Aman sold two watches for Rs.6000 each. On one he gains 20% and on the other he loses 20%. What is his net gain or loss percent?​

Answer 1

Answer:

LOSS% = 4%

Step-by-step explanation:

Selling price (SP) of each watch = Rs.6000

For 1st watch:-

• SP = Rs.6000

• Gain = 20%

∴ The cost price of the first watch = Rs.5000

For 2nd watch:-

• SP = Rs.6000

• Loss = 20%

∴ The cost price of the second watch = Rs.7500

Total CP of two watches = 7500 + 5000 = Rs.12500

Total SP of two watches = 6000 + 6000 = Rs.12000

Here, CP > SP , so Loss

Loss = CP - SP

Loss = 12500 - 12000

Loss = 500

Thus:-

Loss% = Loss/CP * 100

= 500/12500 * 100

Loss% = 4%