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Ram sold two horses at the same price. I...

Ram sold two horses at the same price. In one he gets a profit of 10% and in the other he gets a loss of 10%. Then Ram gets

A

1% profit

B

no loss no profit

C

2% loss

D

1% loss

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The correct Answer is:
To solve the problem step by step, we need to analyze the situation where Ram sells two horses at the same price, one at a profit of 10% and the other at a loss of 10%. ### Step-by-Step Solution: 1. **Let the Selling Price (SP) of each horse be 'S'.** - Since both horses are sold at the same price, we denote the selling price of each horse as S. 2. **Calculate the Cost Price (CP) of the first horse (with a profit of 10%).** - If Ram sells the first horse at a profit of 10%, then: \[ SP = CP_1 + (10\% \text{ of } CP_1) \] \[ S = CP_1 + 0.1 \times CP_1 \] \[ S = 1.1 \times CP_1 \] \[ CP_1 = \frac{S}{1.1} \] 3. **Calculate the Cost Price (CP) of the second horse (with a loss of 10%).** - If Ram sells the second horse at a loss of 10%, then: \[ SP = CP_2 - (10\% \text{ of } CP_2) \] \[ S = CP_2 - 0.1 \times CP_2 \] \[ S = 0.9 \times CP_2 \] \[ CP_2 = \frac{S}{0.9} \] 4. **Calculate the total Cost Price (CP) of both horses.** - Total CP = CP_1 + CP_2 - Substitute the values from steps 2 and 3: \[ Total \, CP = \frac{S}{1.1} + \frac{S}{0.9} \] 5. **Find a common denominator to add the two fractions.** - The common denominator of 1.1 and 0.9 is 0.99 (which is 11/10 and 9/10 respectively). - Rewrite the fractions: \[ Total \, CP = \frac{S \times 0.9}{0.99} + \frac{S \times 1.1}{0.99} \] \[ Total \, CP = \frac{0.9S + 1.1S}{0.99} \] \[ Total \, CP = \frac{2S}{0.99} \] 6. **Calculate the overall profit or loss.** - Total SP from selling both horses = S + S = 2S. - Total CP = \(\frac{2S}{0.99}\). - To find the profit or loss, we compare Total SP and Total CP: \[ Profit/Loss = Total \, SP - Total \, CP \] \[ Profit/Loss = 2S - \frac{2S}{0.99} \] \[ Profit/Loss = 2S \left(1 - \frac{1}{0.99}\right) \] \[ Profit/Loss = 2S \left(\frac{0.01}{0.99}\right) \] 7. **Calculate the percentage of profit or loss.** - The overall loss percentage can be calculated as: \[ Loss \% = \left(\frac{Loss}{Total \, CP}\right) \times 100 \] - Substitute the values: \[ Loss \% = \left(\frac{2S \left(\frac{0.01}{0.99}\right)}{\frac{2S}{0.99}}\right) \times 100 \] \[ Loss \% = 1\% \] ### Conclusion: Ram incurs a net loss of 1%.
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