a man sold 2 horse at 29700 each. in one selling he got 10% loss. and another sell he got 10% profit. the transaction gives .?
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STEP BY STEP EXPLANATION:
Given:
The selling price of both the houses = Rs. 29,700 each
On one = 10% loss
On other = 10% profit
Formula Used:
Net effect = x + y + (x × y)/100
Where x → Profit or Loss on one
y → Profit or Loss on other
Calculation:
Net effect = x + y + (x × y)/100
⇒ -10 + 10 + [(-10) × 10]/100
⇒ -1%
∴ Man will have loss in the whole transaction.
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