profit loss

kartik chandra giri

kartik chandra giri

@kartik-chandra-giri-VEgN8M • Oct 26, 2024
if a person sells two items one at 10% loss and other at 10% gain what is his loss or gain percentage? please give the explanation..
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  • Kaustubh Katdare

    Kaustubh Katdare

    @thebigk • Aug 28, 2015

    Umm. I have never been good at solving such problems. But assuming that he has two items each worth 100 bucks, and sells one for 90 and other at 110 then total gain is 200 which makes no profit or loss.
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  • Ramani Aswath

    Ramani Aswath

    @ramani-VR4O43 • Aug 28, 2015

    What the post does not say is the cost of each item. If the two cost the same, then what #-Link-Snipped-# Katdare analyzed is correct.
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  • Kaustubh Katdare

    Kaustubh Katdare

    @thebigk • Aug 28, 2015

    A.V.Ramani
    What the post does not say is the cost of each item. If the two cost the same, then what #-Link-Snipped-# Katdare analyzed is correct.
    Yeah, that's the underlying assumption that the two objects are the same; and cost the same. I'd have marked 'data insufficient' if it was an option.
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