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Numerical Ability
Profit and Loss
A man sells two shirts for Rs. 990 each. On one he gains 10% and on the other he loses 10%. What is his total gain or loss?
a. 1% gain b. 1% loss c. No gain or loss d. 5% gain
Read Solution (Total 3)
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- s.p=s.p1+s.p2=1980;
c.p1=990/0.9=1100;
c.p2=990/1.1=900;
c.p=c.p1+c.p2=2000;
since c.p>s.p he got loss
total loss is (1-(1980/2000))*100=1%loss
- 11 years agoHelpfull: Yes(11) No(5)
- according to formula : when a person sells 2 similar items, one at a gain of x% and the other at a loss of x%,then the person always loses and his loss%=square of(common loss% and gain%/10).. so here, (10/10)(whole square) = 1% loss
- 11 years agoHelpfull: Yes(5) No(0)
- c because on 1 we gain 10% and on other we lose 10% ie no gain or no loss
- 11 years agoHelpfull: Yes(1) No(8)
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