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Thread: Total gain or loss in the transaction is

  1. #1
    Join Date
    Sep 2009
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    Default Total gain or loss in the transaction is

     

    Sir / madam,
    My question is

    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

    a. 1% gain
    b. 1% loss
    c. No Loss No Gain
    d. 2% Loss

    Advance Thanks,
    R.Rengaraj
    {SCE 11/2008/Pg 2 of 85}
    {On this forum my 2nd Question.}

  2. #2
    Join Date
    Dec 2009
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    1

    Smile

    the answer is just noloss becoz both the things are same prize and you said loss and gain both are 10% so your answer is no loss

  3. #3
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    Sep 2009
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    Default

    Sir,
    Thanks for your reply.
    R.Rengaraj

  4. #4
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    Dec 2009
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    Default

    Hi,
    The answer is 1% loss

  5. #5
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    Sep 2009
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    Default

    Quote Originally Posted by syedsha View Post
    Hi,
    The answer is 1% loss
    How you say it is 1% loss.
    R.Rengaraj

  6. #6
    Join Date
    Dec 2009
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    Default

    Hi,
    The person sells 2 different articles at same prize and he receives equal % of loss and gain.So he ll not get profit on it.Hence the overall loss is: -(%loss or %gain /10) => -(10/10) => -1 ie 1% loss.

  7. #7
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    Sep 2009
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    Default

    Quote Originally Posted by syedsha View Post
    Hi,
    The person sells 2 different articles at same prize and he receives equal % of loss and gain.So he ll not get profit on it.Hence the overall loss is: -(%loss or %gain /10) => -(10/10) => -1 ie 1% loss.
    Thanks Sir,
    R.Rengaraj

  8. #8
    Join Date
    Sep 2009
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    Default

    no loss because 10% loss is levelled to 10%....

  9. #9
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    Default

    Quote Originally Posted by srinivas.593 View Post
    no loss because 10% loss is levelled to 10%....
    Can you post your working???
    R.Rengaraj

  10. #10

    Default

    absolutely no profit no loss

  11. #11
    Join Date
    Jan 2010
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    Thumbs up Hey that was a little confusing teaser .. check this answer

    The answer is 2 % loss

    lets consider : he sold both the tape recorders for RS 100

    the actual price of the first taperecorder(x) he sold for 10% loss ie 100= x(1-(10%))
    the actual price of the second taperecorder(y) he sold for 10%profit 100=y(1+(10%))

    100=(90/100)x
    100=(110/100)y

    X=111.111
    y=90.9090

    the actual price he brought both the tape recorders is (X+Y) = 202.02

    the price he sold them is 100+100= 200

    hence he sold the tape recorders for a loss of 2.02 %

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