Question

Ram sells 2 flats for Rs. 198 lakhs each. On one transaction he loses
10% and on the other he gains 10%. What is his net profit or loss
percentage?​

Answer 1

Answer:

1% loss

Step-by-step explanation:

Answer 2

Net Loss percentage equals to 1%

Given: Ram sold 2 flats for Rs. 198 lakh and loss and gain of 10% on each transaction

To Find: Net profit or loss percentage

Solution:

In 1st case,

Cost price = x

Selling price = 1.1x = 198

It means x = 180

Thus, C.P. = 180 and S.P. = 198

In 2nd case,

Cost price = y

S.P. = 0.9y = 198

It means y = 220

Thus, C.P. = 220 and S.P. = 198

Now,

Total C.P. = 400

Total S.P. = 396

Percentage of loss = (C.P. - S.P.) × 100/S.P.

Percentage of loss = ( 400 - 396) × 100/396

Percentage of loss = 4 × 100/ 400 = 1%

Net Loss percentage equals to 1%

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