A merchant brought two cycles at ₹ 1188 each, gaining 10% on the first cycle and losing 10% on the second cycle. What is the profit or loss per cent in the whole transaction ?
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Answer:Nothing
Step-by-step explanation:
Sp of 1st cycle=(100+10)% of 1188
Sp of 2nd cycle=(100-10)% of 1188
Total Sp=(110+90)% of 1188
=200% of 1188
=2*1188
=₹2,376
Total Cp=2*1188
=₹2,376
As, Cp and Sp is same. There is neither a profit nor a loss.
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