A man sold two watches, each for ₹ 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss of gain percentage in the transaction?

Q: A man sold two watches, each for ₹ 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss of gain percentage in the transaction?

Loss % = (a/10)2% = (10/10)2% = 1%

1 % gain
1% loss
100/99% loss
Neither gain nor loss

Correct Answer: 1% loss

Explanation:

Loss % = (a/10)²%
= (10/10)²%
= 1%

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