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A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was:

Q: A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was:

Loss%= (common gain or loss % / 10)2 = (10/10)² % = 1%.

10% loss
1% loss
1% gain
Neither loss nor profit

Correct Answer: 1% loss

Explanation:

Loss%= (common gain or loss % / 10)² = (10/10)² % = 1%.

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