A shopkeeper sells two watches for Rs308 each. On one he gets 12% prof

1.	A shopkeeper sells two watches for Rs308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was1). 1$$\frac{11}{25}$$% loss2). 1$$\frac{11}{25}$$% gain3). 3$$\frac{2}{25}$$%loss4). 3$$\frac{2}{25}$$%gain
Answer» Solution Loss PERCENT = [$\frac{loss}{10}$]2 % = [$\frac{12}{10}$]2 % = $\frac{36}{25}$ % = 1$\frac{11}{25}$ %

A shopkeeper sells two watches for Rs308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was1). 1$$\frac{11}{25}$$% loss2). 1$$\frac{11}{25}$$% gain3). 3$$\frac{2}{25}$$%loss4). 3$$\frac{2}{25}$$%gain

Answer»

Solution

Loss PERCENT
= [$\frac{loss}{10}$]2 %
= [$\frac{12}{10}$]2 %
= $\frac{36}{25}$ %
= 1$\frac{11}{25}$ %

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A shopkeeper sells two watches for Rs308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was1). 1$$\frac{11}{25}$$% loss2). 1$$\frac{11}{25}$$% gain3). 3$$\frac{2}{25}$$%loss4). 3$$\frac{2}{25}$$%gain

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