Question

ramesh owns a plot worth 10,000.he sells it to mukesh at a profit of 10%.after sometime,mujesh sells it back to ramesh at a loss of 10% then what is ramesh's total gain or loss?

Answer 1

mukesh bought it in 11000 (110 percent of 10000)

and sold it at 9900 (loss of 10 percent)

ramesh got it profit of rs 100+1000(earlier) on 10,000

total 1100 on 10000

11 percent