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A shopkeeper sells two watches for Rs. 300 each. On one he gains 20% and on the other, he loses 20%. His gain or loss percent in the whole transaction is :

Question

A shopkeeper sells two watches for Rs. 300 each. On one he gains 20% and on the other, he loses 20%. His gain or loss percent in the whole transaction is :
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Solution 1

To solve this problem, we need to understand that when two items are sold at the same price, one at a gain of x% and the other at a loss of x%, the seller always incurs a loss, irrespective of the value of x. This is a standard result in profit and loss problems.

Here's the step-by-step solution:

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Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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