Shopkeeper Bought Two Mobile Set For Rs.55555. He Sold Them To Gain 10 Percent On One And Lose 10 Percent On The Other. Calculate His Final Gain Or Loss Percent If The Selling Price Of Both The Mobile Sets Is The Same
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Answer:
cp of both the mobile set= ₹55555
profit%= 10%
loss%=10%
we know that both sp are equal and both mobile make profit of 10% and loss of 10% then will always be loss
loss%= (10/10) %=1%
or
net change in%= 10-10 -(10 * 10) / 100
{t's a formula for finding net change in % =profit%-loss%+(profit% * -loss%/100) }
= 0-1
=--1%
the negative sign indicates loss.
hope this help.
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