Wasim board to cricket bats for Rs 560 and 240 respectively which is the first Bat at a gain of 15% and the second at a loss of 5% find his gain or loss percent in the whole transaction
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CP of first bat = Rs.840
SP of first bat
= (115 × 840) /100
= Rs.966
CP of second bat = Rs.360
SP of second bat
= Rs.342
CP of both the bat = 840 + 360
= Rs.1200
SP of both bats = 966 + 342
= Rs.1308
It is a case of Gain because SP is more than CP.
Gain = SP – CP
= 1308 - 1200
= Rs108
= 9%
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