A man sells two articles at 99 each. On one he gains 10% and on the other he loses 10%. What is his loss percent on the whole transaction?
A). 1 % loss
B). 3 % loss
C). 5 % loss
D). 8 % loss
1 % loss
If there is a gain of a% and loss of a% in selling two articles for the same cost each, there will be always a
loss. Loss percent = a²/100 %.
So, here the loss percent = 10²/100 = 1% Loss.