Question of the day....
A man sold two washing machine for Rs. 7500 each. On one he gains 25 % and on other he loses 25 %. Find the gain or lose percentage.
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Answer:
- Man get loss of 6.25% on whole transaction
Explanation:
Given:
- Man sold two washing machine at ₹7500 each
- On one machine, he gain 25%
- On another machine, he loss 25%
To find:
- Gain or loss percentage of man
Solution:
Here, it is given that man sold two machines at ₹7500 each in which he gain 25% on one machine but he loses 25% on another machine.
Now, to find gain/loss percentage, we need to find cost price (CP) of machine first.
We know that :
Finding CP of first machine ( of 25% gain):-
Given that :
- SP = ₹7500
- gain = 25%
Let put the given value in formula:-
Therefore,
- Cost price of this washing machine is ₹6000.
_______________
Finding CP of second machine (of 25% loss):-
Given that:
- SP = ₹7500
- loss = 25%
Let put the given value in formula :-
Therefore,
- Cost price of second machine is ₹10000
_______________
Now, we find that CP of both machines are ₹6000 and ₹10000 respectively and SP is ₹7500 each as given.
Therefore,
- Total CP of both machines is ₹6000+₹10000 = ₹16000
- Total SP of both machines is ₹7500+₹7500 = ₹15000
What we found from here? we can see that here SP < CP. If SP<CP then there will loss.
- Loss = CP - SP = 16000-15000 = ₹1000
We have :
- CP = ₹16000
- SP = ₹15000
- Loss = ₹1000
We know that :
Let put the given value in formula :
Therefore,
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