Wasim bought two cricket bats for Rs.560 and Rs. 240 respectively,He sells the first bat at a gain of 15%and the second one at a loss of 5%Find his gain or loss per cent in the whole transaction.
C.P. of first bat = Rs.560Gain%=15%∴S.P.=C.P.(100+gain%)100=Rs.560(100+15)100=Rs.560×115100=Rs.644C.P of second bat =Rs.240Loss %=5%=Rs.C.P.(100−Loss%)100=Rs.240(100−5)100=Rs.240×95100=Rs.228Total S.P. of two bats = R. 644+ Rs.228=Rs.872Total C.P. =Rs.560+Rs.240=Rs.800∴Total Gain =S.P.-C.P.=Rs.872−Rs.800=Rs.72Gain%=Gain×100C.P=72×100800=9% Ans.