Ram sold two bags at ₹1,260 each. On one, he gained 20% and on the other, he lost 20%. Find his gain or loss percentage in the whole transaction.
- AGain 4%
- BGain 5%
- CLoss 4%
- DLoss 5%
Solution & Step-by-step Explanation
When two items are sold at the same selling price (SP), where one is sold at a profit of x% and the other at a loss of x%, there is always an overall loss in the transaction.
The formula for the overall loss percentage is given by:
Loss%=(
100
x
)×x%=
100
x
2
%
Here, x=20.
Substituting the value of x:
Loss%=
100
20
2
%=
100
400
%=4%
Thus, there is a loss of 4% in the whole transaction.
The formula for the overall loss percentage is given by:
Loss%=(
100
x
)×x%=
100
x
2
%
Here, x=20.
Substituting the value of x:
Loss%=
100
20
2
%=
100
400
%=4%
Thus, there is a loss of 4% in the whole transaction.