If Mobeen while selling two goats at the same price makes a profit of 10% on one goat and suffers a loss of 10% on the other, he
- Makes no profit and no loss
- Makes a profit of 1%
- Suffers a loss of 1%
- Suffers a loss of 2%
Explanation
In this type of problem always loss occurs.
Use Formula,
% Final Loss = (%loss * %gain)/100 = (10 *10)/100 = 1% loss.
Net Graphic Change Method:
100 ==10% profit ==> 110 == 10% loss ==> 99.
100 become 99, so 1% of loss occurs.
Related MCQs
- 1250
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- 520
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