Question

A person sells two horses for Rs 480 each. On the first horse, he gains 25 percent and on the second horse he losses 25 percent. Find the percent gain or loss in the transaction.

• A. loss 6.75%
• B. gain 6.75%
• C. loss 6.25%
• D. gain 6.25%
• E. None of these

Answer 1

The correct option is C loss 6.25%

When same quantity is sell at same price and percent gain and loss is same then there is always loss occurred. To calculate the loss percent = $\frac{(Commonlossorgain{)}^2}{10}$
i.e. ${\left(\frac{25}{10}\right)}^2=6.25\%loss$