Q15 of 94 Page 140

A man sold two chairs for Rs.500 each. On one he gains 20% and on the other he loses 12%. His net gain or loss per cent is

SP of first chair = Rs.500


CP of first chair



= Rs.416.66


SP of second chair = Rs.500


SP of second chair



= Rs.568.18


CP of both chairs = 500 + 500


= Rs.1000


SP of both chairs = 568.18 + 416.66


= Rs.984.84


It is a case of Loss because CP is more than SP.


Loss = CP – SP


=1000 – 984.84


= Rs15.16



= 1.51%

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