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A person sells two machines at $ 396 each. On one he gains 10% and on the other he loses 10%. His profit or loss in the whole transaction is :
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- no gain no loss
- 1% loss
- 1% profit
- 8% profit
Correct Option: B
Here, the S.P. is same for both the machines. Hence, there will be always a loss in this situation.
Given , y = 10%
| Required loss % = | 100 |
| Required loss % = | = 1% | 100 |
