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Hari purchased two watches for Rs. 2500 each. He sold them, gaining 5% on one and having a loss of 4% on the other. His gain/loss percent in the whole transaction is

Hari purchased two watches for Rs. 2500 each. He sold them, gaining 5% on one and having a loss of 4% on the other. His gain/loss percent in the whole transaction is Correct Answer gain, <span class="math-tex">\(\frac{1}{2}\)</span>%

Given:

Cost price of each watch = Rs. 2500

Gain% = 5% 

Loss% = 4% 

Formula Used:

Gain = Cost Price × Gain%

Loss = Cost Price × Loss%

Calculation:      

Gain =  2500 × 5% = Rs.125

Loss = 2500 × 4% = Rs.100

Total gain = 125 - 100 = Rs. 25

Total cost price = 2500 + 2500 = 5000

Gain% = (Gain/CP) × 100

⇒ (25/5000) × 100

⇒ 1/2 %

The correct option is 3  

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