Question

A man sold his goods at a profit of 15%. the money thus realised was invested in goods which has to be sold at a loss of 16%. how much does he gain or lose by the two transactions together

Answer 1

$100 \times \frac{115}{100} \times \frac{85}{100} = 97.75 \\ 100 - 97.75 = 2.25 \: profit$