Question

Wasim brought two cricket bats at ₹840 and ₹360 respectively. He sells the first bat at a gain of 15% and second one at a loss of 5% . Find his gain or loss percent in the whole transaction

Answer 1

profit earned for first bat is given by
$\frac{15}{100} 840 = 126$
So he sold first bat for ,840+126=966

Loss occured by selling second bat is
$\frac{5}{100} 360 = 18$
So he sold second bat for ,360-18=342

Amount earned by selling both bats 342+966=1308

Profit= sold price-cost price
Profit =1308-1200
Profit =108

Profit%=
$\frac{108}{1200} 100 = 9\%$
he earned 9% gain in whole transaction