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MITHRA BABU

· started a discussion

· 1 Months ago

NO GAIN NO LOSS (Question: 6143.0 )

TOTAL CP = 12,684*2 = 25,368/-
SP (AT PROFIT) = 12,684*(110/100)= 13,952.4
SP (AT LOSS) = 12,684*(90/100) = 11,415.6
TOTAL SP = 13,952.4+11,415.6= 25,368/-

SP=CP ====>> NO GAIN NO LOSS
HOW COME YOUR ANSWER IS 1% ?

Question:
A farmer sold two buffaloes at \(\unicode{x20B9} \)12,684 each. On one buffaloes he gain 10% and on another he loses 10%. How much does he gain or loss in the whole transaction?
Options:
A) 1%
B) 2%
C) 3%
D) 4%
E) None of these
Solution:

When an article is sold at a fixed price and it gains and loses equal percentage then overall there is always a loss and


Knowledge Expert

· commented

· 1 Months ago

Dear Student,

Rs.12684/- is Selling Price.....not Cost Price....You have solved wrong....

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