Question

Two bicycles were sold for Rs. 3990 each gaining 5% on one and losing 5% on other. The gain or Loss per cent on the whole transaction is :

Answer 1

Two bicycles were sold for Rs. 3990 each gaining 5% on one and losing 5% on other. The gain or Loss per cent on the whole transaction is :

A) neither gain nor loss

B) 2.5% gain

C) 2.5% loss

D) 0.25%

Correct Answer:

D) 0.25%

Description for Correct answer

According to question,

loss % =2800×100 = 0.25%

Loss

Answer 2

Answer: 0.25%

Step-by-step explanation:

Loss%= (common loss or gain/10)²

=( 5/10)²=(1/2)²

1/4= 0.25%