Two articles were sold for Rs 4950 each. There was a profit of 10% on the first and a loss of 10%
on the second. Find the gain or loss % in the whole transaction.
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Step-by-step explanation:
FIRST ARTICLE:-
SP=4950
P%=10%
CP=4950 × 100/110
CP=4500
PROFIT=SP-CP
P=4950-4500
P= 450
SECOND ARTICLE:-
SP=4950
L%=10%
CP=4950×100/90
CP=5500
LOSS=CP-SP
LOSS=5500-4950
LOSS=550
TOTAL LOSS/PROFIT:-
PROFIT=450
LOSS=(-550)
[IT IS NEGATIVE BECAUSE IT IS A LOSS]
THEREFORE,
TOTAL L/P= 450 - 550
TOTAL LOSS= 100
TOTAL CP= 5500+4500
=10000
LOSS%=LOSS/CP × 100
LOSS%=100/10000×100
=1%
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