Sony bought two horses at 18000. When he sold one horse for 20% loss whereas the other for 20% gain. What is his total loss or gain?
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Solution :
1st horse -
➡️ SP = 80/100 × 18000
➡️ SP = 14400
➡️ Loss : 3600
2nd horse :
➡️ SP = 120/100 × 18000
➡️ SP = 21600
➡️ Gain : 3600
Hence, he didn't have any loss or gain as both loss and gain are equal.
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