Ankit sold two jeans for ₹990 each .on one he gains 10% and on other he lost 10% . find his gain or loss percent on whole transaction.
To find Ankit's gain or loss percent on the whole transaction, we need to calculate the total cost price and the total selling price.
Let's start by finding the selling price of the first jeans, which is sold at a gain of 10%.
Selling Price = Cost Price + Gain
Selling Price = ₹990 + (10/100) * ₹990
Selling Price = ₹990 + ₹99
Selling Price of the first jeans = ₹1089
Now, let's find the selling price of the second jeans, which is sold at a loss of 10%.
Selling Price = Cost Price - Loss
Selling Price = ₹990 - (10/100) * ₹990
Selling Price = ₹990 - ₹99
Selling Price of the second jeans = ₹891
Now, we can find the total cost price and the total selling price for both jeans.
Total Cost Price = ₹990 + ₹990
Total Cost Price = ₹1980
Total Selling Price = ₹1089 + ₹891
Total Selling Price = ₹1980
To find the gain or loss percentage on the whole transaction, we can use the formula:
Gain/Loss Percentage = ( (Total Selling Price - Total Cost Price) / Total Cost Price ) * 100
Gain/Loss Percentage = ( (₹1980 - ₹1980) / ₹1980 ) * 100
Gain/Loss Percentage = (0 / ₹1980) * 100
Gain/Loss Percentage = 0
Therefore, Ankit had no overall gain or loss in this transaction.
Hsjzjhdje
cost: 990/1.10 and 990/0.90
so his income:cost ratio is
(2*990)/(990/1.10 + 990/0.90) = 0.99
That is, a loss of 1%