Each of the two cars is sold at the same price. A profit of 10% is made on the first and a loss of 7% is made on the second. what is the combined loss or gain?
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let car cp =100
1st profit %=10%
sp of first=100 +100*10/100=110 rs
other car also 100 rs therefore
loss %=7%
sp of 2nd =100 - 7/100=93 rs
both cars cp will be 100+100=200
both sp will be 110 +93=203
there for 3 rs profit
profit percentage =3/200 *100=3/2=1.5 % profit
1st profit %=10%
sp of first=100 +100*10/100=110 rs
other car also 100 rs therefore
loss %=7%
sp of 2nd =100 - 7/100=93 rs
both cars cp will be 100+100=200
both sp will be 110 +93=203
there for 3 rs profit
profit percentage =3/200 *100=3/2=1.5 % profit
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