Question

    A dealer sold two of his cattle for Rs. 500

    each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was:
    A 10% loss Correct Answer Incorrect Answer
    B 1% loss Correct Answer Incorrect Answer
    C 1% gain Correct Answer Incorrect Answer
    D Nither loss nor profit Correct Answer Incorrect Answer

    Solution

    Loss%= (common gain or loss % / 10)2 = (10/10)² % = 1%.

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