A man sold his two horses for Rs., 770 each, on one he gained 10 % & on other he lost 10 % . ave

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7.Profit and Loss

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A man sold his two horses for $Rs.\, 770$ each, on one he gained $10$ $\%$ $\&$ on the other he lost $10 \% .$ The average gain or loss percentage is

A

$100$

B

$0.96$

C

$4$

D

$1$

Solution

Using Net Loss formula $=\frac{ a ^{2}}{100} \%[$ when $P \%= L \%]$

$=\frac{(10)^{2}}{100} \%=1 \% \text { Loss }$

Standard 13

Quantitative Aptitude

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