Suhas sold two paintings for ₹99,000 each. On one he incurred a loss of 10% and on the other he gained by 10%. Find his actual gain or loss percent on the transaction.
Answers
SP of both paintings= ₹99000
For the first painting, he gains 10%
Thus CP = [SP/(100 + gain %)] × 100
=> CP = [99000/(100+10)] × 100
=> CP = ₹ 90000
For the second painting, he loses 10%
Thus CP = [SP/(100 - loss %)] × 100
=> CP = [99000/(100-10)] × 100
=> CP = ₹ 110000
Total Cost price = 110000+90000 = ₹200000
Total selling price = 99000×2 = ₹198000
Total loss = 200000-198000 = ₹2000
loss % = 2000/200000 × 100 = 1 %
Thus, he loses 1% in the whole transaction.
Answer:
The first painting, he gains 10%
Thus CP= [SP/( 100 + gain % ) ] × 100
-> CP = [ 99000/ ( 100 + 10 ) ] × 100
-> CP = 90000
The second painting, he loses 10%
Thus CP = [ SP/( 100 - loss % ) ]
-> CP = [ 99000 /( 100 - 10 )] × 100
-> CP = 110000
Total Cost Price = 110000 + 90000 = 200000
Total Selling Price = 99000 × 2 = 198000
Total Lost = 200000 - 198000 = 2000
Loss % = 2000/200000 × 100 = 1%