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A man sells two articles at $ 99 each. On one he gains 10% and on the other he loses 10%. What is his gain or loss percent on the whole transaction?
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- Loss, 1%
- Loss, 1.5%
- Profit, 1%
- Profit, 1.5%
Correct Option: A
As we know that ,
| Loss % = y% of y or | 100 |
Here, y = 10
| Loss % = | 100 |
| ∴ Loss% = | = 1% | 100 |
