Jai narayan sells two radio set for ₹2288 each.On one he gain 10% and on the other he loses 10%. Find his gain or loss percentage? In answer sheet ans is 1%
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Explanation:
SP of 1 Radio = 2288
SP = CP + Profit
2288 = x + 10x/ 100
2288 = 11x / 100
x = 2288 × 100 / 11
x = 2080 = 18720 / 9
2nd Radio SP = 2288
CP = SP + Loss
x = 2288 + 10x/100
9x / 10 = 2288
x = 2288 * 10 /9
x = 2542.2222222.... = 22880 / 9
Total SP = 2288 + 2288
=4576 = 41184 / 9
Total CP = (22880 + 18720) / 9
= 41600 / 9
AS Cp > SP then it is a loss
Loss = (41600 - 41184 ) / 9
Loss = 416 / 9
Loss % = (416 / 9 )* (9 / 41600) * 100
Loss% = 1%
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