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A man sells two wrist watches one at a p...

A man sells two wrist watches one at a profit of 10% and another at a loss of 10%, but the selling price of each watch is Rs. 200. Find the :
(1) percentage profit or loss.
(2) net amount of profit or loss.

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To solve the problem step by step, let's break it down: ### Step 1: Understand the Selling Prices and Profit/Loss Percentages We have two wrist watches: - Watch 1 is sold at a profit of 10%. - Watch 2 is sold at a loss of 10%. Both watches are sold for Rs. 200 each. ### Step 2: Calculate the Cost Price (CP) for Watch 1 The selling price (SP) of Watch 1 is Rs. 200. Since there is a profit of 10%, we can use the formula: \[ SP = CP + \text{Profit} \] Where Profit is 10% of CP. Therefore, we can write: \[ SP = CP + 0.10 \times CP = 1.10 \times CP \] So, \[ 200 = 1.10 \times CP \] To find CP, we rearrange the equation: \[ CP = \frac{200}{1.10} = \frac{2000}{11} \approx 181.82 \] ### Step 3: Calculate the Cost Price (CP) for Watch 2 For Watch 2, the selling price is also Rs. 200, but it is sold at a loss of 10%. Using the formula: \[ SP = CP - \text{Loss} \] Where Loss is 10% of CP. Thus: \[ SP = CP - 0.10 \times CP = 0.90 \times CP \] So, \[ 200 = 0.90 \times CP \] Rearranging gives: \[ CP = \frac{200}{0.90} = \frac{2000}{9} \approx 222.22 \] ### Step 4: Calculate Total Cost Price (CP) and Total Selling Price (SP) Now we can find the total CP and total SP: - Total CP = CP of Watch 1 + CP of Watch 2 \[ Total\ CP = \frac{2000}{11} + \frac{2000}{9} \] To add these fractions, we need a common denominator: The least common multiple of 11 and 9 is 99. \[ Total\ CP = \frac{2000 \times 9}{99} + \frac{2000 \times 11}{99} = \frac{18000 + 22000}{99} = \frac{40000}{99} \approx 404.04 \] - Total SP = SP of Watch 1 + SP of Watch 2 \[ Total\ SP = 200 + 200 = 400 \] ### Step 5: Calculate Net Profit or Loss Now, we can find the net profit or loss: \[ Net\ Profit/Loss = Total\ SP - Total\ CP \] \[ Net\ Profit/Loss = 400 - \frac{40000}{99} \] To calculate this, we convert 400 into a fraction with a denominator of 99: \[ 400 = \frac{39600}{99} \] So, \[ Net\ Profit/Loss = \frac{39600}{99} - \frac{40000}{99} = \frac{-400}{99} \] This indicates a loss of Rs. 4.04 (approximately). ### Step 6: Calculate Percentage Loss To find the percentage loss: \[ Percentage\ Loss = \left( \frac{Net\ Loss}{Total\ CP} \right) \times 100 \] \[ Percentage\ Loss = \left( \frac{400/99}{40000/99} \right) \times 100 = \left( \frac{400}{40000} \right) \times 100 = 1\% \] ### Final Answers: 1. **Percentage Loss**: 1% 2. **Net Amount of Loss**: Rs. 4.04 (approximately)
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