Q.If the selling price of both the devices is same then find the net profit percent or net loss percent to the man.
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Answer:
Step-by-step explanation:
I am just providing the shortcut to be used in competitive exams for saving time.
Shortcut to these type of questions
When a person sells two similar items, one at a gain of say “x%”, and the other at a loss of “x%”, then the seller always incurrs a loss.
Loss%= (x/10)^2 %
Here x is common gain or loss percent
Coming to the question
Common gain or loss% = 10%
Using the formula:-
Loss%= (10/10)^2 % = 1%
Thus after transaction the seller will incurr loss of 1%.
Hopefully it helps.
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