Mr Sinha sold two tape-recorders for rupees 990 each; gaining 10% on the other. Find his total loss or gain, as percent on whole transaction.
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Sp=990
P=10%
Cp=sp×100/100+p%
=990×100/100+10
990×100/110=900
2nd sp=990
L=10%
2nd cp=2nd sp×100/100-L%
990×100/100-10 = 1100
2nd cp=1100
Total sp=990+990=1980
Total cp=900+1100=2000
L=cp-sp
L=2000-1980=20
L=20
L%=1×100/cp
20×100/2000=1
L%=1%
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