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Bimalbabu sells two cars each of Rs. 99,000. He makes a profit of 10% on the first car, but incurs a loss of 10% on the second. What will be his percentage of profit or loss on the whole transaction ?
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- 1% profit
- 1% loss
- 4% profit
- 4% loss
Correct Option: B
From the given question ,
| C.P. of car sold at 10% profit = | × S.P. | 100 + gain% |
| C.P. of car = | × 99000 = Rs. 90000 | 90 |
| C.P. of car sold at 10% loss = | × 99000 = Rs. 110000 | 90 |
Total C.P. = Rs. (90000 + 110000) = Rs. 200000
Total S.P. = Rs. 2 × 99000 = Rs. 198000
∴ Loss = 200000 - 198000 = Rs. 2000
| ∴ Loss% = | × 100 = 1% | 200000 |
Second Method to solve this question :
If two things are sold at the same price and loss and gain per cent be same i.e. y% then there is always loss
| Loss % = | % | 100 |
| Loss % = | = 1% | 100 |
