Some toffees are bought at rate of 11 for rs 10 and
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<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->Answer:
You lost 1% on the transaction.
Call x the number of toffees you bought.
You spent:
(x/2)(10/11) + (x/2)(10/9) = (100/99)x
You earned:
x
Your percent return is profit/expenditure:
x/[(100/99)x] = 99/100 = 99%, or a loss of 1%
You lost 1% on the transaction.
Call x the number of toffees you bought.
You spent:
(x/2)(10/11) + (x/2)(10/9) = (100/99)x
You earned:
x
Your percent return is profit/expenditure:
x/[(100/99)x] = 99/100 = 99%, or a loss of 1%
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