Question : Ram sold two horses at the same price. On one, he makes a profit of 10% and on the other, incurs a loss of 10%. Then Ram gets:
Option 1: 2% loss
Option 2: No loss or profit
Option 3: 1% loss
Option 4: 1% profit
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
Correct Answer: 1% loss
Solution :
Given:
a = 10%
Selling prices are the same and the profit-loss percentages are the same.
In such transactions, there is always loss.
Loss percentage = $\frac{a^2}{100}$= $\frac{10×10}{100}$= 1%
Hence, the correct answer is 1% loss.
Related Questions
Know More about
Staff Selection Commission Combined Grad ...
Answer Key | Eligibility | Application | Selection Process | Preparation Tips | Result | Admit Card
Get Updates Brochure
Your Staff Selection Commission Combined Graduate Level Exam brochure has been successfully mailed to your registered email id “”.
