Profit & Loss · Question 8 · Medium
Nikhil sells two phones for ₹9,900 each. On one he gains 10% and on the other he loses 10%. What is his overall gain or loss percentage?
- No profit no loss
- 1% profit
- 1% loss
- 2% loss
Answer and explanation
Answer: C. 1% loss
Explanation: CPs are 9,900 ÷ 1.1 = ₹9,000 and 9,900 ÷ 0.9 = ₹11,000, total ₹20,000. Total SP = ₹19,800, a loss of ₹200, i.e. 1% loss.
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