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Discussion :: Profit and Loss

  1. A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in
    2. A.
    No loss or gain
    B.
    Loss of Rs. 1000
    C.
    Gain of Rs. 1000
    D.
    Gain of Rs. 2000

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    Workspace

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    Answer : Option B

    Explanation :

    Loss% = (20/10)2 = (2)2 = 4% 


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