Two wristwatches were sold for Rs. 1,980 each. One wristwatch was sold at a profit of 10% and the other one at a loss of 10%. The entire transaction resulted in:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. a loss of Rs.40
Given that
Two wristwatches were sold for Rs. 1,980 each.
The entire transaction loss % = the percentage of 10% profit and the 10% loss
= 10 - 10 - (10 *10 /100) = -1% loss
Now, according to the question
99% = 1980 * 2 = 3960
1 % loss = 3960/99 = 40 Rs loss