A person sells two items at Rs. 990 each, gaining 10% on one and losing 10% on the other. What is his overall gain or loss percentage?
ANo gain no loss
B1% gain
C1% loss
D2% loss
Explanation
When two items are sold at same price with equal % gain and loss, overall effect is always a loss of (x / 10)^2 % = (10 / 10)^2 % = 1% loss.
Exam Relevance
- Topic: Profit and Loss
- Subtopic: Equal SP Gain Loss
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