Question

A man sold two cows for Rs.990 each. On one he gained 10% and on other he lost 10%. Find the percentage gain or loss?

• A. loss 1 %
• B. loss 2%
• C. gain 1%
• D. gain 2%

Answer 1

Answer:

A. loss 1 %

Remember: in such a case, there is always a loss. The selling price is immaterial. Loss % = Gain x Loss / 100 = 10 x 10 / 100 = 1%