Question

A man sold two watches, each for Rs. 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss or gain percentage in the transaction?

• A. 1% gain
• B. 1% loss
• C. 100/99% loss
• D. No gain no loss

Answer 1

Answer:

B. 1% loss

If two articles are sold at the same price then there is always a loss of (r^2/100)%, where r is the same gain% & loss%. (10^2/100)% = 1% loss