Nikhil sold two steel chairs for Rs. 500 each. On one he gains 25% and one...

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Nikhil sold two steel chairs for Rs. 500 each. On one he gains 25% and one other, he loses 20%. How much does he gain or lose in the whole transaction? 1. 1.5 % gain 2. 2 % gain 3. 2.43 % loss 4. 2% loss None of these 5. Nikhil sold two steel chairs for Rs. 500 each. On one he gains 25% and one other, he loses 20%. How much does he gain or lose in the whole transaction? 1. 1.5 % gain 2. 2 % gain 3. 2.43 % loss 4. 2% loss None of these 5.

Answer rating: 100% (QA)

Solution 3 SP of the 1st chair Rs 500 Gain on the 1 st chair 25 CP of the 1st chair 500x1... View the full answer