A man sold two gifts at ₹30 each. On one gift he gained 18%, and on the other gift he lost 18%. What is his over all gain/loss (in ₹)?
Answer & explanation
Correct answer: option 2
According to the question,
Total SP = 30 × 2 = 60
CP of first gift = 30 × (\(\frac{100}{118}\) ) = 25.42
CP of second gift = 30 × (\(\frac{100}{82}\)) = 36.58
Total CP = 25.42 + 36.58 = 62
Loss = 62 – 60 = Rs. 2