by selling two watch for 780 each ravi gain 20 percent on one and lose 20 percent on other. find gain or loss percent
Answers
Answer:
The end result is a loss of 4%
Step-by-step explanation:
Let a and b the cost prices of the two watches.
Watch 1:
Selling at 780 makes 20% gain
=> 780 is 20% more than a
=> 780 = 1.2 a
=> a = 780 / 1.2 = 650
Watch 2:
Selling at 780 makes 20% loss
=> 780 is 20% less than b
=> 780 = 0.8 b
=> b = 780 / 0.8 = 975
Total cost price was a+b = 650+975 = 1625
Total selling price was 780+780 = 1560
That's a loss of 1625 - 1560 = 65
As a percentage of the cost price:
( 65 / 1625 ) × 100% = 4%
one watch 780.
2 watches 780.
let's suppose cp 100.
if profit then 100+20=120
cp. sp
120. 100
1. 100/120× 780 =650
if lose 100-20 =80
cp. sp
80. 100
1. 80/100×780= 975.
sum of 2 watches 975+650=1625
sum of 2 watches 780+780=1560
cp-sp 1625-1560. =65
65/1625×100. =4%