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Anmol soldtwo items for Rs 1000 each. On one, he gained 10% and on other, he lost 10%. How much did he gain or lose in the whole transaction?

Correct Answer: loss,1%

Explanation:

Let the two item be A and B.


Cost price of A be x and cost price of B be y.


A sold for Rs 1000 on 10 % gain = 1.1x =1000


x= 1000/1.1 = 909.09


B sold for Rs. 1000 on 10% loss = 0.9y =1000y= 1000/0.9 = 1111.11


Total cost price of A and B = 2020.20


Selling price of A and B = 2000


Loss % = (2020.20 –2000)/2000 X 100


= 1.01 % loss


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