Question

A man sold two horses for Rs. 400 each. He gained 5 % on one and lost 5 % on the other, which

of the following statements is true?

(A) Gains

1

%

4

(B) Loses

1

%

4

(C) Neither gains nor loses (D) Incomplete information

Answer 1

Answer to the question is (C) Neither gains nor loses.

Answer 2

C. Because he sold both horses for same price. So as he gained 5% on first one, he lost 5% on second one. Therefore their no gain nor loss.