A trader sells two steel chairs for Rs.500 each. On one, he claims to have made a profit of 25% and on the other, he says he has lost 20%. How much does he gain or lose in the total transaction.

• CP of first chair = 500/1.25 = Rs 400
  CP of second chair = 500/0.8 = 5000/8 = Rs 625
  
  Total cp = Rs 1025.
  Total SP = 2*500= 1000
  loss = 1025-1000 = Rs 25
• 12 years agoHelpfull: Yes(4) No(0)
• He gains:
  1st chair: S.P1= 125% of C.P
  i.e, S.P1 = 125/100 * 500 = 625 Rs.
  now,
  2nd chair: S.P2 = 80% of C.P
  i.e S.P2 = 80/100 * 500 = 400 Rs.
  
  So, Finally S.P of 2 chair; S.P1 + S.P2 = 625+400 = 1025 Rs.
  
  Therefore, Gain = 1025 - (500*2) = 25 Rs. ----- Ans
• 12 years agoHelpfull: Yes(1) No(0)
• first one was sold by 625 and second one by 400 total is 1025>1000 so he made a gain of 25%
• 12 years agoHelpfull: Yes(0) No(2)