Math Problem Statement

A dealer sold two third of his items at a gain of 20% and the remaining at cost price. Find the gain earned by him in the whole transaction.

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentage Gain
Basic Algebra

Formulas

Selling price = Cost price + Gain%
Percentage gain = (Gain / Cost price) × 100

Theorems

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Suitable Grade Level

Grades 8-10