Profit and Loss Practice Test 10

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Question : 23 of 28

Marks: +1, -0

A man sells two horses for Rs. 990 each. On one he gains 10% and the other he loses 10%. What is his total percentage of gain or loss in the transaction?

1% gain
1% loss
2% gain
2% loss

Solution:

Here, loss % =

(10/ 10)^ 2

= 1%

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