laxmi sold 2 sarees for 2185 each on one she lost 5% while on other she gained 15% find gain or loss percent in the whole transaction
Given, the selling price of each saree is Rs 2185.
Let Rs x and Rs y be the cost price of the two sarees.
Gain on selling one saree = 15%
∴ S.P. – C.P. = 15% of C.P.
Loss on selling the other saree = 5%
∴ C.P. – S.P. = 5% of C.P.
∴ Total cost price of two sarees = Rs 1900 + Rs 2300 = Rs 4200
Total selling price of two sarees = 2 × Rs 2185 = Rs 4370
Since total cost price of two sarees is less than total selling price of two sarees, therefore, Laxmi gains in the whole transaction.
Gain = Rs 4370 – Rs 4200 = Rs 170
Thus, Gain % in the whole transaction in approximately 4.05 %.