Rakesh sells two watches for Rs.2,530 each, gaining 15% on one and losing 15% on the other. Find his approximate gain or loss percentage in the whole transaction.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Loss, 2.25%
Given that
Selling price of two watches = 2530 Rs each
Gain = 15%
Loss = 15%
As we know that
when the selling price of the articles is the same and the gain and loss are the same in percentages.
Then the loss percentage in the whole transaction always = loss2/100
Calculation
The overall loss percentage = 152/100 = 2.25%