Two sets of cassette player were sold for rs. 4000. One was sold for 15% loss and the other for 15% gain. What was the net gain or net loss in percent?
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Cost Price of 1st set = 2000
Cost price of 2nd set = 2000
Total CP = 4000
Loss% on 1st = 15%
Loss on 1st = 15/100*2000
= 300
Profit% on 2nd = 15%
Profit on 2nd = 15/100*2000
= 300
SP of 1st = CP - Loss
= 2000 - 300
= 1700
SP of 2nd = CP + Profit
= 2000 + 300
= 2300
Total SP = 2300 + 1700
4000
As CP = SP = No profit or loss
0% profit or loss
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