Ankit sold two jeans for rupees 990 each on one he gains 10% and on the other he lost 10% find his gain or loss percent in the whole transaction
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cost: 990/1.10 and 990/0.90
so his income:cost ratio is
(2*990)/(990/1.10 + 990/0.90) = 0.99
That is, a loss of 1%
so his income:cost ratio is
(2*990)/(990/1.10 + 990/0.90) = 0.99
That is, a loss of 1%
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