Practicing Success
Two wrist watches were sold for ₹1,980 each. One wrist watch was sold at a profit of 10% and the other one at a loss of 10%. The entire transaction resulted in: |
a loss of ₹40 a loss of ₹99 a gain of ₹99 no gain no loss |
a loss of ₹40 |
Loss and the profit = 10% In this type of questions when the profit and the loss percentage is x% and the selling price of the article is also same then the customer always bears loss and is given by = \(\frac{x × y}{100}\) Loss% = \(\frac{10 × 10}{100}\) = Loss, 1% So = 3960 × \(\frac{1}{99}\) = ₹40 |