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Numerical Ability
Profit and Loss
A man sold his tow horses for Rs. 770 each, on one he gained 10% and on the other he lost 10%. The average gain or loss is
a) 100 %
b) 0.96 %
c) 4 %
d) 1 %
Read Solution (Total 2)
-
- There will always b loss on such transaction
formula is (x/10)^2
here x=10 therefore (10/10)^2=1% - 11 years agoHelpfull: Yes(3) No(0)
- ans> 0.96
calculate total cost price by formula which is 1550
the selling price is (770*2)= 1540
so, loss .96% - 10 years agoHelpfull: Yes(0) No(0)
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