A man sells two articles at ₹ 99 each. He gains 10% on one and loses 10% on the other. Then on overall basis… · ABC26GN2750
Subject: General Aptitude · Chapter: Profit and Loss · Exam: P.C.S. 2006
A man sells two articles at ₹ 99 each. He gains 10\% on one and loses 10\% on the other. Then on overall basis he
(a)gains ₹ 2
(b)neither gains nor loses
(c)loses ₹ 2
(d)loses ₹ 1
Answer
Explanation
Total S.P. $=₹(2 \times 99)=₹ 198$. $$\text { C.P. of first article }=₹\left(\frac{100}{110} \times 99\right)=₹ 90 \text {. }$$ C.P. of second article $=₹\left(\frac{100}{90} \times 99\right)=₹ 110$. Total C.P. $=₹(90+110)=₹ 200$. $$\therefore \quad \text { Loss }=₹(200-198)=₹ 2 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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