If a man purchases 11 pen for Rs 10 and sells 10 pen for Rs 11 . What will be his loss or profit % ?
A. 20% gain
B. 21% gain
C. 21%loss
D. 20% loss
Answer: Option B
Solution (By Examveda Team)
Purchases -- > 11 pens for Rs.10Sells -- > 10 penss for Rs.11.
Now, Percentage Profit or Loss is Given by:-
{[(11x11) - (10x10)] x100 } / (10x10) =21%
Since the sign is +ve, There is a gain of 21%
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