Kewal sell two tape recorders at the same price. On one, he gains 10 % and on the other loses 10%. The total gain or loss in the transaction is?
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Answer:
1%
Step-by-step explanation:
when sp is same and loss and gain %same
total loss% = l^2/100 = 10×10/100 =1%loss
or
let sp1=sp2=100
g1=10%
cp1=sp1/(1+g1%)
=100/(1+10%)=100/1.1=90.91
cp2=100/(1-10%)=100/0.9=111.11
total cp=202.02
total sp=100+100=200
loss% = cp-sp/cp =(202.02-200/202.02)×100
=1%
hope this helps
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