Two objects were sold for ₹9,900 each. One object was sold at a loss of 10% and the other object was sold at a gain of 10%. The net gain or loss in the whole transaction is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Loss ₹200.
Calculations:
When the loss is 10%, CP = 10x and SP = 9x
Where, 9x = 9900
⇒ CP = 10x = 11000
When the profit is 10%, CP = 10y and SP = 11y
Where, 11y = 9900
⇒ CP = 10y = 9000
Total SP = 9900 + 9900 = 19800
Total CP = 11000 + 9000 = 20000
Net Loss = 20000 - 19800 = ₹ 200