Multiple choice

Two watches were sold at Rs. 1050 each. On one, a gain of 11% was earned and on the other, a loss of 11% was suffered. How much percent loss or percent gain is made in the whole transaction?

  1. Loss 1.21%

  2. No gain, no loss

  3. Gain 1%

  4. Loss 1%

  5. Loss 2%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Here, the sale price of the two watches is the same.

Gain% = loss% = 11%

In such a case, there is always a loss. 

To find overall loss%, use this shortcut formula: 

Overall % loss = (x/10)2

= (11/10)2

= 1.21%

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