Question

Fill in the blanks:
1. Bill sold a marble showpiece worth $1000 to Ted at a profit of 10%. Ted then sold it to Benny at a loss
of 10%. If Benny had bought the piece at the same price directly from Bill, then Bill would have
incurred
_(% profit/% loss/ no profit no loss).​

Answer 1

Step-by-step explanation:

Bill ted benny

1000 1000+10%of1000 1100-10%of1100

(1000) (1100) (990)

If Benny purchased from bill

Cp=1000 Sp=990

Loss=1000-990=10

Loss%=10/1000×100=1%