A man sold two watches, each for ₹ 495. If he gained

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A man sold two watches, each for ₹ 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss of gain percentage in the transaction ?

1. 1 % gain
2. 1% loss
3. 100/99% loss
4. Neither gain nor loss

Correct Option: B

Loss % = (a/10)²%
= (10/10)²%
= 1%