Question

If 10 apples are bought for ₹ 11 and sold at the rate of 11 apples for ₹ 10. Find the overall
gain or loss per cent in these transactions

Answer 1

Step-by-step explanation:

Cost price= Rs. 11

Selling price=Rs. 10

Since,

CP>SP

It implies that,

Loss= CP-SP= 11-10= Rs. 1

Therefore,

Loss percent= (Loss/CP)*100=(1/11)*100=100/11

=9 1/11%

Answer 2

Answer:

21% gain

Step-by-step explanation:

Cost price of each mango will be =

11

10

​

And SP of each mango will be =

10

11

​

As SP>CP, there is a Gain

Now, Gain % =

CP

SP−CP

​

×100=

11

10

​

10

11

​

−

11

10

​

​

×100=21 %