Mahesh sold two shorts for rupees 990 each . on one he gained 10% and on the other he lost 10%. find his gain or loss percent in the whole transaction.
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Mahesh sold two shorts for rupees 990 each . on one he gained 10% and on the other he lost 10%. find his gain or loss percent in the whole transaction.
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Answer:
His loss per cent in the whole transaction is 1%
Step-by-step explanation:
Case of first shorts
SP of jeans = Rs.990
Gain% = 10%
Case of second shorts
SP of jeans = Rs.990
Loss% = 10%
So, Total CP = Rs.900+Rs.1100=Rs.2000
Total SP = Rs.990+Rs.990=Rs.1980
Since SP<CP
So, Loss
Loss = CP-SP = Rs.2000-Rs.1980=Rs.20
Loss% = loss*100/cp
Loss% = 20*100/2000
Loss% = 1%
Hence his loss per cent in the whole transaction is 1%