Multiple choice

A T.V manufacturer sells two televisions at Rs.9900 each. He earned a profit of 10% on the first one and suffered 10% loss on another. Net loss or profit percentage is?

  1. 1.3% profit

  2. 1.2% loss

  3. 1% profit

  4. 1% loss

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When selling price is the same and profit/loss percentages are equal, the net result is always a loss of (x^2)/100 percent. Here, (10^2)/100 = 1% loss.

AI explanation

When two items are sold at the same price and one has a profit of x% while the other has a loss of x%, there is always a net loss. Using the net loss formula, Loss% = (Common Rate squared) / 100. Substituting the 10% values gives (10 * 10) / 100 = 1% loss.

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