Question

Nick purchased two handbags for $750 each he sold theese bags gaining 6 % on one and losing 4 % on thee othr find his gain or loss percent i n the whole transaction

Answer 1

6% gain means Rs 45
4% loss means Rs 30
Hence net profit =45-30=15
Hence net profit percentage = (15/750)*100= 2%

Answer 2

Answer:

Step-by-step explanation:

The calculations are as follows :

1) The one sold at a gain

The gain percent = 6%

The buying price = 750 = 100%

The selling price =(100 + 6) =  106%

Selling price = 106/100 × 750 = 795

= $ 795

2) One sold at a loss

Loss percent = 4%

Buying price = 750 = 100%

Selling price = (100 - 4) = 96%

96/100 × 750 = 720

Selling price = $ 720

3) Overall Transaction

Buying price = 750 + 750 = 1500

Selling price = 720 + 795 = 1515

Overall gain = 1515 - 1500 = 15

Gain percent = 15/1500 × 100% = 1%

= 1% gain