Profit and loss

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A dealer sold two ACs at Rs. 5940 each. On selling one AC he gained 10% and on selling the other he lost 10%. Find the dealer’s gain or loss percent?

1% gain

1% loss

2% loss

2% gain

Explanation:

5940 = (110/100)*cp1, cp1 = 5400
5940 = (90/100)*cp2, cp2 = 6600
So, CP = 5400 + 6600 = 12000
And selling price = 5940 + 5940 = 11880
% loss = (120/12000)*100 = 1%

By: Amit Kumar

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