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CBSE Class 8 Answered

Ankit sold 2 jeans for rupees 998 on one he gains 10% and on the other he lost 10% find his gain or loss percent in the whole transaction
Asked by santoshkumrhemja | 30 Jun, 2019, 08:00: AM
answered-by-expert Expert Answer
Total Pairs of Jeans Ankit had = 2
Cost of each pair = Rs. 998
Now, let's calculate the amount for the first pair.
C.P = Rs.998 Profit = 10% 
Hence profit = Rs.99.8 So, the final price will be Rs. 998 + 99.8 = 1097.8
Calculation for the 2nd pair of jeans
C.P = Rs.998 Loss = 10%
Hence, loss = Rs. 99.8 So, the final price will be Rs.998 - 99.8 = 898.2
Now, verify profit or loss
Price of 1st pair + Price of 2nd pair = 1097.8 + 898.2 = 1995.4
Original price of 1st pair + Original price of 2nd pair = 998 + 998 = 1996
S. P. = 1996 and C. P. = 1996
S. P. = C. P. hence no profit no loss
 
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