Arun sells two Horses at Rs.9951 each. O

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Arun sells two Horses at Rs.9951 each. On 1st he gains 7% and on 2nd he losses 7%. His profit or loss % in the whole transaction is:

Options:

5% loss

6.4% loss

4.9% loss

5.3% loss

Correct Answer:

4.9% loss

Explanation:

In such cases seller always bears loss

Loss % = ($\frac{7 × 7}{100}$) %

= 4.9% loss