Question

A dealer sold two oven for rupees 18000 each one one he gain 20% and on other he lost 20% find his loss or gain percent on the whole transaction​

Answer 1

0%

Explanation:

The gain on the first oven = 18000 x 20% = 18000 x 20/100
= 18000 x 0.2 = 3600. Since it is a gain, we have to add this number

So selling price = 18000 + 3600 = 21600

The loss on the second oven is also the same 18000 x 0.2 = 3600. This time, it being a loss, selling price = 18000-3600 Total= 14400

The total before sales price of both ovens C = 18000 + 18000 = 36,000

Total sold price S = 14, 400 + 21,600 = 36000

So net gain/loss = S - C = 36000 - 36000 = 0

So net gain/loss as percent = 0%