Pankaj sells two cycles for Rs. 2376 each. On one he gains 10% and on the other, he loses 10%. Which of the following would be his gain or loss percent?

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answer is A.

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Detailed Solution

Given that,
Selling price = Rs. 2376
Gain% = 10%
Loss% = 10%
We have the following formula:.
Loss = C.P-S.P

L o s s % = C . P − S . P C . P × 100

The C.P of one cycle at which he gains 10% is,

= 100 100 + 10 × 2376 = 100110 × 2376 = 2160

The C.P of one cycle at which he lost 10% is,

= 100 100 − 10 × 2376 = 10090 × 2376 = 2640

The total C.P of the cycles is,

= 2160 + 2640 = 4800

The total S.P of the cycles is,

= 2376 + 2376 = 4752

The loss percent of the cycles is,

= 4800 − 4752 4800 × 100 = 484800 × 100 = 1

So, the loss percent is 1%.
Therefore, the correct option is 1.

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