Question

Ravi purchased two articles for rupees 1500 each.He sold them, gaining 6% on one and losing 4% on the other.Find his gain/loss in whole transaction......

Answer 1

Answer:

₹30gain

Step-by-step explanation:

explanation in picture

Answer 2

His gain% in whole transaction is 1%

Step-by-step explanation:

Case 1:

CP of article = Rs.1500

Gain% = 6%

$SP=\frac{CP(100+P\%)}{100}\\SP = \frac{1500(100+6)}{100}\\SP=1590$

Case 2:

CP of article = Rs.1500

Loss% = 4%

$SP = \frac{CP(100-L\%)}{100}\\SP=\frac{1500(100-4)}{100}\\SP = 1440$

Total CP = 1500+1500=3000

Total SP = 1590+1440=3030

SP>CP

So, Profit

Profit% = $\frac{SP-CP}{CP} \times 100 =\frac{3030-3000}{3000} \times 100 = 1\%$

Hence His gain% in whole transaction is 1%

#Learn more:

A man sold two cycles for Rs:3000 each.Gaining 20% on one and losing 20%. on the other.Find his gain or loss percentage on. the. whole transaction?

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