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10 November, 09:51

A man sold two watches, each for 495. If he gained 10% on one

suffered a loss of 10% on the other, then what is the loss or gain percen

transaction?

(a) 1% gain

(b) 1% loss

100

(c) - % loss

(d) Neither gain nor loss

(e) 99

+3
Answers (2)
  1. 10 November, 10:06
    0
    d neither loos nor gain
  2. 10 November, 10:09
    0
    5% loss.

    Step-by-step explanation:

    To get a 10 % profit, by proportion the original cost of the watch was 495 / 1.1

    = 450.

    For the 10% loss the original cost was 495 / 0.90 = 550.

    So he sold 2 watches which originally cost for 550 + 450 = 1000 for 2*495

    = 950 and the loss was (50 / 1000) * 100 = 5%.
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