A man buys two pens at ₹ 20 each. He sells one at a gain of 5% and other at a loss of 5%. Find his gain or loss per cent.(7th class math).
Tow pens Rs.= 40 = C P
According to question
Sell one at a gain of 5%.
then Selling price(S P) = (One pen) C P X (100 + Gain%)/100
= 20 X (100 + 5)/100
= 20 X 105/100
= 21 Rs.
And other at a loss of 5%.
then Selling price(S P) = (one pen) C P X (100 - Loss%)/100
= 20 X (100 - 5)/100
= 20 X 95/100
= 19 Rs.
Total Selling Price (S P) = One at a gain of 5% + other at a loss of 5%
= (21 + 19) Rs.
= 40 Rs.
Therefore S P = C P, then there is No Profit No Loss.
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