Two televisions are sold for Rs. 7,980 each, gaining 5% from one and losing 5% from the other. Find the gain or loss percentage in the whole transaction.
Given:
Selling Price (SP) of both TVs = ₹7980 each
First TV: Gain = 5%
Second TV: Loss = 5%
Formula Used:
When two items are sold at the same selling price, one at a gain of ( x% ) and the other at a loss of ( x% ),
there is always an overall loss, given by:
Overall Loss % =
Solution:
Loss % = = 0.25%
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