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 cost price ( 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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