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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