811. If Mobeen while selling two goats at the same price makes a profit of 10% on one goat and suffers a loss of 10% on the other, he
- A. Makes no profit and no loss
- B. Suffers a loss of 1%
- C. Suffers a loss of 2%
- D. Makes a profit of 1%
Check answer and explanation
Answer: Suffers a loss of 1%
Explanation In this type of problem always loss occurs. Use Formula, % Final Loss = (%loss * %gain)/100 = (10 *10)/100 = 1% loss. Net Graphic Change Method: 100 ==10% profit ==> 110 == 10% loss ==> 99. 100 become 99, so 1% of loss occurs .