Question

A person gained Rs 1000 in one transaction and lost of Rs 1200 in another transaction. Did the person gain or lose during the whole transaction and by how much

Answer 1

He earned 1000 in one transaction and lost 1200 in another so,
1000-1200 = -200
loss of 200

Answer 2

Answer:

gain = selling price - cost price and

loss = cost price - selling price here the amount of giving is bigger then amount of taking so the it is a loss