A man sells two articles at Rs. 99 each. He gains 10% on one and loses 10% on the other. Then on overall basis he -
A. Gains Rs. 2
B. Neither gains nor loses
C. Loses Rs. 2
D. Loses Rs. 1
Answer: Option C
Solution(By Examveda Team)
$$\eqalign{ & {\text{Total Selling Price}} \cr & = {\text{Rs}}{\text{.}}\left( {2 \times 99} \right) \cr & = {\text{Rs}}.198 \cr & {\text{C}}{\text{.P}}{\text{. of first article}} \cr & = {\text{Rs}}.\left( {\frac{{100}}{{110}} \times 99} \right) \cr & = {\text{Rs}}{\text{. }}90 \cr & {\text{C}}{\text{.P}}{\text{. of second article}} \cr & = {\text{Rs}}.\left( {\frac{{100}}{{90}} \times 99} \right) \cr & = {\text{Rs}}{\text{. }}110 \cr & {\text{Total C}}{\text{.P}}{\text{.}} \cr & = {\text{Rs}}.\left( {90 + 110} \right) \cr & = {\text{Rs}}{\text{. }}200 \cr & \therefore {\text{Loss}} = {\text{Rs}}.\left( {200 - 198} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}2 \cr} $$Join The Discussion
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Related Questions on Profit and Loss
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B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
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D. Rs. 3000
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