Nayan sells teo radio sets; one for rupees 2,800 and the other for rupees 4,200.On one he gains 20% and on the other he loses 10%. Find his gain or loss percent in the whole transaction.
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Solution
Selling Price of each table =3000
Gain on Table1 =20%, Loss on Table2 =20%
For Table1
SP=CP+20% of CP=(
100
120
)×CP
CP=3000×(
120
100
)=2500
For Table2
SP=CP−20% of CP=(
100
80
)×CP
CP=3000×(
80
100
)=3750
Total CP=2500+3750=6250
Total SP=2×3600=6000
Profit or Loss=SP−CP=6000−6250=−250... (Negative means Loss)
Percent loss=(
CP
Loss
)×100=(
6250
250
)×100=4
∴ Loss is 4%
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