Ankit sold 2 jeans for ₹990 each. on one he gain 10% and on other he lost 10%. find his loss or grain per cent in the whole transaction.
Answers
Answer:
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Ankit sold two jeans for Rs. 990 each, on one he gains 10% and on other he lost 10%. Find his gain or loss percent in the whole transactions.
Answer
Overall CP of one jeans = 990
One jeans is sold at 10% gain. This means if CP is Rs.100,
SP is 110
Therefore, if CP is 990, then,
SP = Rs. 1089
And also, second jeans sold at 10% loss, it means if CP is Rs.100, then SP is Rs.90
Therefore, when CP is 990,
Then,
SP = Rs. 891
We need to find the combined SP and CP to say whether there was an overall profit or loss.
Total CP = 990 + 990 = 1980
Total SP = 1089 + 891 = 1980
Since total SP and CP are same so there is no loss or no profit.
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No. of pairs of jeans Ankit had = 2
Cost of each pair is 990 rupees
Now, let's calculate the amount for the first pair.
C.P = Rs.990
Profit = 10%
Hence profit = Rs.99
So, the final price will be Rs.990 + 99 = 1089
Now, calculation for the 2nd pair of jeans
C.P = Rs.990
Loss = 10%
Hence, loss = Rs.99
So, the final price will be Rs.990 - 99 = 891
Now, verify profit or loss
Price of 1st pair + Price of 2nd pair = 1089 + 891 = 1,980
Original price of 1st pair + Original price of 2nd pair = 990 + 990 = 1,980
S.P. = C.P.