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7. A man sold two watches at 240 each, on one he gained 7% and on the other he lost 7%. Find the gain or loss
in the transaction.
Answers
Step-by-step explanation:
we will do calculations for each clock separately
for clock on which there was profit of 20%
The Selling Price is 240
in percentage terms
CP + Profit = SP (240)
100% + 20% = 120% ( assuming 20% profit is on cost price)
hence, SP = 120% = 240
so Profit= 20*240/120=40
Profit =40
Let calculate loss on clock on which loss was 20%
The Selling Price is 240
in percentage terms
CP - Loss = SP (240)
100% - 20% = 80% ( assuming 20% loss is on cost price)
hence, SP = 80% = 240
so Loss = 20*240/80 =60
Loss = 60
Hence, Total Profit or Loss = Profit of 40 minus Loss of 60
Total Loss = 20
Step-by-step explanation:
A carbohydrate is a biomolecule consisting of carbon, hydrogen and oxygen atoms, usually with a hydrogen–oxygen atom ratio of 2:1 and thus with the empirical formula Cₘₙ.