Question

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 ?

Answer 1

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.