Question
Download Solution PDFRakesh sells two watches for Rs. 2,530 each, gaining 15% on one and losing 15% on the other. Find his approximate gain or loss percentage in the whole transaction.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven Data:
Selling price of each watch = Rs. 2,530
Gain = 15%
Loss = 15%
Concept:
In such transactions,
there is always a loss,
which is equal to (Common Loss and Gain Percentage / 10)2
Calculation:
Overall loss percent = (15 / 10)2
⇒ Loss = 2.25%
Therefore, Rakesh has an overall loss of approximately 2.25% in the whole transaction.
Last updated on Jul 8, 2025
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