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I had some of my books which were now no use to me, so I wanted to sell them.

I sold half of them at 40% loss then half of the remaining at 40% gain and the remaining at same price as the selling price.

What was net profit % or loss%.

 Jan 15, 2021
 #1
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For simplicity, let us suppose that you have 100  books that you sell for $1  each

Total value of your  expected sales = $100

 

Selling  (1/2)  of these at a  40%  loss    ....you realize   .60 *50  = $30

 

Selling 1/2 of the remaining  books at a  40% gain  you realize  (25) * 1.40  =  $35

 

Selling the  remaining books  you realize     25 * 1  =   $25

 

So....the  amount you make =   $ [30 + 35 + 25  ]  =   $90

 

So  you absorb  a loss of      (100 - 90]  / 100  * 100% =    (10/100)  * 100%  =  100%/10  =  10%

 

 

cool cool cool

 Jan 15, 2021

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