Ravi sells two shirts for ₹1200 each.on one shirt he gains 20% and on the another he loses 20% . what is his actual gain or loss percent on the whole transaction
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Step-by-step explanation: CP = Cost Price SP = Selling Price
SP = 1200
1st T-shirt
1200+20% = (100/100+20)*1200 ((100/100+gain%)*SP)
CP = 1000
2nd T-shirt
1200-20% = (100/100-20)*1200
CP = 1500
total CP of 2 shirts = 1000+1500 = 2500
SP of 2 shirts = 1200+1200 = 2400
Loss = CP-SP = 2500-2400 = 100
Loss% = (Loss/CP)*100
= (100/2500)*100 = 4%
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