Raman bought two watches. He later realised that he actually needs none of the watches. So he sold them for ₹600 each, making loss of 20% on one and gain of 20% on the other. Did he make a profit on the whole transaction or a loss?And how much?
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kumarvivek4560pdorhy:
is it right
gain = 20%
let x be the cost price ;
1200= x +(20/100)×x
1200 = 6x/5
x = 200×5
= 1000 Rs.
2. s.p = 1200
loss =20%
let the cost price be y ;
1200= y- (20/100)×y
1200= 4y/5
y =300×5
= 1500 Rs
3.Total cost price = 1000+1500 = Rs 2500
Total selling price = 1200+ 1200= Rs 2400
As c.p is greater than s.p :
Loss %. = (2500-2400)/2500 × 100
= 100/25
= 4 %
Hence the cost price of first wristwatch is Rs.1000 and second is Rs.1500.
And the total loss of Raman is 4%
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