Question

Mukesh sold two cars at the same price. On first he gains 20% but on another he losses 25%. Find the overall profit or loss percentage made by him

Answer 1

let the price of car be 100rs
on 1st he gain 20percent i.e.20rs then sp is rs120.
on 2nd he loses 25 percent i.e.25rs then so is 75rs.
total cp is 100+100=200.
total sp is 120+75=195.
there is loss of rs 5.
loss percent=loss/c.p*100.
5/200*100=2.5%

Answer 2

Given:

Mukesh sold two cars at the same price

On the first car, he gains 20%

On the second car he losses 25%

To find:

The overall profit or loss percentage

Solution:

Let the price of the car be Rs.100

On the first car, he gains 20%

The profit of the first car is Rs.20

So the selling price (SP1) = 100 + 20

                                         = Rs. 120

On the second car, he loses 25%

The loss of the second car is Rs.25

So the selling price (SP2) = 100 - 25

                                          = Rs.75

The total CP = 100+100

                     = Rs.200

The total SP = 120+75

                     = Rs.195

Loss = CP - SP

        = 200 - 195

        = Rs.5

The Loss percent = Loss x 100/CP

                             = 5 x 100/200

                             = 2.5%

Hence, the loss percentage is 2.5%.