A person sold two cows each for Rs. 9900. If he gained 10%

Home » Aptitude » Profit and Loss » Question

A person sold two cows each for Rs. 9900. If he gained 10% on one and lost 20% on the other, then which of the following is true ?

1. He gained Rs. 200
2. He lost Rs 200
3. He neither gained nor lost
4. None of the above

Correct Option: D

The cost price ( CP ) of profitable cow = 9900 / 1.1 = 9000
and profit = Rs. 900

The CP of loss yielding cow = 9900 / 0.8 =12375
and loss = Rs. 2475

So the net loss = 2475 - 900 = 1575