A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true?

He Gained Rs. 200
He lost Rs. 200
He neither gained nor lost
None of the above

Correct Answer: None of the above

Explanation:

The CP of profitable cow = 9900/1.1 = 9000

and profit = Rs. 900

The CP of loss yielding cow = 9900/0.8 = 12375

and loss = Rs. 2475

so, the net loss = 2475 - 900 = 1575

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