Madhavi purchased two hand bag for rs 750 each. she said one bag at a gain of 6% and the other bag at a loss of 4%. find the gain percent of loss percent on the whole transaction
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Case I : First bag
C.P = 750
Gain = 6 %
S.P = (106/100) × 750
= 795
Case II : Second bag
C.P = 750
Loss = 4 %
S.P = (96/100) × 750
= 720
Total C.P = 750 + 750 = 1500
Total S.P = 795 + 720 = 1515
Therefore, Gain = S.P - C.P
= 1515 - 1500
= 15
Gain % = (15/1500) × 100 = 1 %
C.P = 750
Gain = 6 %
S.P = (106/100) × 750
= 795
Case II : Second bag
C.P = 750
Loss = 4 %
S.P = (96/100) × 750
= 720
Total C.P = 750 + 750 = 1500
Total S.P = 795 + 720 = 1515
Therefore, Gain = S.P - C.P
= 1515 - 1500
= 15
Gain % = (15/1500) × 100 = 1 %
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