A sells a article to B at a profit of 10% B sells the article

Home » Aptitude » Profit and Loss » Question

A sells a article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction

1. A neither loses nor gains
2. A makes a profit of 11%
3. A makes a profit of 20%
4. B loses 20%

Correct Option: B

Let the CP of the article for A be $ 100
∴ CP for B at a profit of 10% = $ 110

Again , CP for A = 110 ×	90	= $ 99
	100

Gain of A = 110 – 99 = $ 11
∴ Gain percent of A = 11%