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Kewal sells two tape recorders at the same price. On one, he gains 10% and on the other he loses 10%. The total gain or loss in the transaction is
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- 1% gain
- 1% loss
- No loss or gain
- 2% loss
Correct Option: B
We can say that When S.P. of each of two items is same, on one of them there is x% loss and on the other there is y% gain, then there is always a loss given by (y% of y)% i.e.
| Loss% = | % | 100 |
Here , y = 10%
| ∴ The required loss % = | = 1% | 100 |
