Question

Shopkeeper sold 2 chairs of rs 462, on one he gains 12%and on another he lost 20%. Find net gain orloss

Answer 1

Answer:

36.96 Rs.

Step-by-step explanation:

cost price=2*462=924 Rs.

A chair sold at 12% profit

sp one chair=12/100*462=517.44 Rs.

second chair sold at 20% loss.

so of 2nd chair=20/100*462=369.6 Rs.

sp=517.44+369.6=887.04 Rs.

loss=cp-sp

loss=924-887.04=36.96 Rs.

Answer 2

The net loss% is 6.67 %

Step-by-step explanation:

Case 1 :

SP of chair = Rs.462

Gain% = 12%

$CP = \frac{SP \times 100}{100+P\%}$

$CP = \frac{462 \times 100}{100+12}=412.5$

Case 2:

SP of chair = Rs.462

Loss% = 20%

$CP =\frac{SP \times 100}{100-L\%}$

$CP = \frac{462 \times 100}{100-20}=577.5$

Total SP = 462+462 = 924

Total CP = 412.5+577.5=990

CP > SP

So, Loss

Loss = CP - SP = 990 - 924 =66

$Loss\% = \frac{CP-SP}{CP} \times 100 \\Loss\% = \frac{990-924}{990} \times 100 \\Loss\% = 6.67\%$

Hence The net loss% is 6.67 %

#Learn more:

A man sold two chairs for rs.500each on one he gained 20%and on other he loses 12%.what is his net gain or loss percent?

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