Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A man sold two flats for ₹ 6,75,958 each. On one he gains 16% while on the other he loses 16%. How much does he gain or lose in the whole transaction?
Answer
Answer (as printed):
Explanation
Remember: In such a case, there is always a loss. The selling price is immaterial. $$\therefore \quad \text { Loss } \%=\left(\frac{\text { Common Loss and Gain } \%}{10}\right)^{2}=\left(\frac{16}{10}\right)^{2} \%=\left(\frac{64}{25}\right) \%=2.56 \% .$$
Explanation as extracted from the printed page; notation may be imperfect.