Sahana sell two watches at Rs. 1955 each gaining 15% on one and losing 15% on the other. Find the gain and loss percent in the whole transaction
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Sahana sell two watches at Rs. 1955 each gaining 15% on one and losing 15% on the other. Find the gain and loss percent in the whole transaction
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Step-by-step explanation:
Given: S.P:
1.C.P=100/115(1955)=1700.R.s
2.C.P=100/85(1955)=2300.R.s
Total C.P=1700+2300=4000.R.s
Total S.P=2(1955)=3910.R.s
C.P>S.P
gain=4000-3910=90.
gain%=gain/C.P(100)
=90/4000(100)
Gain%=2%.