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Two motor cars were sold for Rs.9900 each gaining 10% on one and losing 10% on the other. The gain or loss percent in the whole transaction…

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Two motor cars were sold for Rs.9900 each gaining 10% on one and losing 10% on the other. The gain or loss percent in the whole transaction is
  • A1% loss
  • B10% loss
  • C100% loss
  • D110% loss
Correct answer: A
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Discussion 1

0
CCommunity
1% loss

I. S. P = Rs.9900; i.e. 110% of CP => CP = 9900 × 100/110 = Rs.9000

II. SP = 9900; i.e. 90% of CP => CP = 9900 × 100/90 = Rs.11000. So, Total CP = Rs.20000;

Total SP = Rs.19800; :. Loss = 200 × 100/20000 = 1% loss.