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A man sells two articles for Rs. 3600 each. He gains 30% on the first article and loses 30% on the second article.

Find his total gain or loss.

Answer :

Final answer:

The man sold two articles, gaining 30% on the first and losing 30% on the second. As the overall selling price matches the combined cost price, there was neither a profit nor a loss made.

Explanation:

First, let's calculate the cost price of both articles for the man. He gains 30% on the first article, which means the cost price of the first article for him is 100% (selling price) - 30% (gain) = 70% of the selling price, so, Rs.3600 * 70% = Rs.2520. He loses 30% on the second article, which implies that the cost price was 100% (selling price) + 30% (loss) = 130% of the selling price, so Rs.3600 * 130% = Rs.4680.

The total cost price of the articles for the man is Rs.2520 (first article) + Rs.4680 (second article) = Rs.7200. However, the total selling price of the articles is Rs.3600 (first article) + Rs.3600 (second article) = Rs.7200. So, neither a gain nor a loss was made in the selling of the articles, as the total selling price equals the total cost price.

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Rewritten by : Jeany