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:
A10% lossCorrect AnswerIncorrect Answer
B1% lossCorrect AnswerIncorrect Answer
C1% gainCorrect AnswerIncorrect Answer
DNither loss nor profitCorrect AnswerIncorrect Answer
Solution
Loss%= (common gain or loss % / 10)2= (10/10)² % = 1%.