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Friday, December 21, 2018

Anil sells two houses at the same prices. On one he makes a

Anil sells two houses at the same prices. On one he makes a profit of 10% and on the other he suffers a loss of 10%. Select the correct statement.
AHe suffers a loss of 1%
BHe makes a profit of 10%
CHe mades a profit of 2%
DHe makes no profit no loss

Answer is : He suffers a loss of 1%

Explanation:
% Final Loss = \(\frac{\%loss \text{ } \times \text{ } \% \text{gain}}{100}\)

= \(\frac{10 \times 10}{100} \)

= 1% loss.

Akilesh Kharvi
answered Wed Oct 26 2016 12:30:00 GMT+0530 (IST)

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