A man sold some articles at a gain of 10%. He spent his

Home » Aptitude » Profit and Loss » Question

A man sold some articles at a gain of 10%. He spent his total sale proceeds to purchase such articles again. This time, while selling them, he incurred a loss of 10%. His loss or gain in the transaction was

1. 1% loss
2. 1% gain
3. no profit no loss
4. 2% loss

Correct Option: A

As we know that ,

Loss% =	y²
	100

Here , y = 10%

Loss% =	10 × 10	= 1%
	100

Hence , required loss % is 1% .