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Sohan, while selling two goats at the same price, makes a profit of 10% on one goat and suffers a loss of 10% on the other one.

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He makes no profit and no loss

He makes a profit 1%

He suffers total loss of 1%

He suffers a loss of 2%

answer is C.

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Detailed Solution

Concept: use the standard formulae of loss and profit percentage to solve the question,

S . P = C . P \frac{100 \times profit}{100}

C . P = S . P \frac{100}{100 \times loss}

Loss of 10%

\frac{100}{100 - 10} \times 110 = \frac{1100}{9}

Total price,

100 + (\frac{1100}{9}) = \frac{2000}{9}

Total selling price is equal to,

2 \times 110 = 220

\frac{2000}{9} - 220 = \frac{20}{9}

Loss percent equals to,

\frac{20}{9} \times \frac{9}{2000} \times 100 = \frac{20}{2000} \times 100 = 1 %

Hence, the correct option is 3

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