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Two motor cars were sold for Rs. 9,900 e...

Two motor cars were sold for Rs. 9,900 each, gaining 10% on one and losing 10% on the other. The gain or loss per cent in the whole transaction is :

A

Neither loss no gain

B

`(1)/(99)%` gain

C

`(100)/(99)%` profit

D

`1%` loss

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will calculate the cost price (CP) of each car, the selling price (SP), and then determine the overall gain or loss percentage. ### Step 1: Determine the Selling Price (SP) of each car Both cars were sold for Rs. 9,900 each. SP of Car 1 = Rs. 9,900 SP of Car 2 = Rs. 9,900 ### Step 2: Calculate the Cost Price (CP) of Car 1 Car 1 was sold at a gain of 10%. Let the CP of Car 1 be \( CP_1 \). Using the formula for selling price with profit: \[ SP = CP + \text{Gain} \] The gain can be expressed as: \[ \text{Gain} = 10\% \text{ of } CP_1 = \frac{10}{100} \times CP_1 = 0.1 \times CP_1 \] Thus, we can write: \[ 9900 = CP_1 + 0.1 \times CP_1 \] \[ 9900 = 1.1 \times CP_1 \] Now, solving for \( CP_1 \): \[ CP_1 = \frac{9900}{1.1} = 9000 \] ### Step 3: Calculate the Cost Price (CP) of Car 2 Car 2 was sold at a loss of 10%. Let the CP of Car 2 be \( CP_2 \). Using the formula for selling price with loss: \[ SP = CP - \text{Loss} \] The loss can be expressed as: \[ \text{Loss} = 10\% \text{ of } CP_2 = \frac{10}{100} \times CP_2 = 0.1 \times CP_2 \] Thus, we can write: \[ 9900 = CP_2 - 0.1 \times CP_2 \] \[ 9900 = 0.9 \times CP_2 \] Now, solving for \( CP_2 \): \[ CP_2 = \frac{9900}{0.9} = 11000 \] ### Step 4: Calculate the Total Cost Price (CP) and Selling Price (SP) Total CP = \( CP_1 + CP_2 \) Total CP = \( 9000 + 11000 = 20000 \) Total SP = \( SP_1 + SP_2 \) Total SP = \( 9900 + 9900 = 19800 \) ### Step 5: Determine the Overall Gain or Loss Now, we can find the overall gain or loss: \[ \text{Loss} = \text{Total CP} - \text{Total SP} = 20000 - 19800 = 200 \] ### Step 6: Calculate the Loss Percentage Using the formula for loss percentage: \[ \text{Loss Percentage} = \left( \frac{\text{Loss}}{\text{Total CP}} \right) \times 100 \] \[ \text{Loss Percentage} = \left( \frac{200}{20000} \right) \times 100 = 1\% \] ### Conclusion The overall transaction results in a loss of 1%.
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