Question

A man went to the market and purchased the difference articles, among which he also purchased two freezes. He came to his home and found that there is some defect in one of the freezes and so he decided to sell both of them for Rs1500 each. He sold one of them at the gain of 30% and other at loss of 25%. Find the overall gain or loss on whole transaction.

Answer 1

Answer:
Man sold at 1500 each,
So he sold both = 3000 Rs
SO
For first he gains 30% so buying price of that freezes will be
= 1500 - 30% of 1500
= 1500 - $\frac{1500\times 30}{100}$
= 1500 - 450
= 1050 Rs

For second he sold at 25% of loss , So buying price will be
= 1500 + 25% of 1500

= 1500 + $\frac{1500\times 25}{100}$

= 1500 + 375
= 1875 Rs

So he buy both freezes At = 1050 + 1875 = 2925 Rs

So he gains = 3000 - 2925 = 75

= $\frac{75\times 100}{2925}$ = 2.56 % gain ( Ans )