David Bought Two Camera For Rs. 4580 Each On Selling, He Lost 15% And On Selling The Other He Gained 15%. Find His Overall Gain% Or Loss% In Whole Transaction.
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Answer: His overall loss% is 2.249%
Step-by-step explanation:
Case 1:
SP of camera = Rs.4580
Loss% = 15%
cp = sp x 100/100-L%
cp = 4580 x 100/100-15
cp = 5388.2352
Case 2:
SP of camera = Rs.4580
Gain% = 15%
cp = sp x 100/100+p%
cp = 4580 x 100/100+15
cp = 3982.6086
Total CP = 3982.6086+5388.2352=Rs.9370.8438
Total SP = 4580+4580=Rs.9160
CP > SP
So, Loss
Loss = CP - SP = Rs.9370.8438-Rs.9160=Rs.210.8438
Loss% = loss/cp x 100
Loss% = 210.8438/9370.8438 x 100
Loss% = 2.249%
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