Question

A man sold his goods at a profit of 15%. The money thus realized 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

profit=15%
profit%-15/100
- 0.15
loss=16%
loss%- 16/100
- 0.16
loss- 0.16-0.15
- 0.1