Ankit sold two jeans for Rs. 990 each, on one he gains 10% and on other he lost 10%. Find his gain or loss percent in the whole transactions.
Overall CP of one jeans = 990
One jeans is sold at 10% gain. This means if CP is Rs.100,
SP is 110
Therefore, if CP is 990, then,
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SP = Rs. 1089
And also, second jeans sold at 10% loss, it means if CP is Rs.100, then SP is Rs.90
Therefore, when CP is 990,
Then,
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SP = Rs. 891
We need to find the combined SP and CP to say whether there was an overall profit or loss.
Total CP = 990 + 990 = 1980
Total SP = 1089 + 891 = 1980
Since total SP and CP are same so there is no loss or no profit.
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