Example 1 · level 1
Priya sold two mobile phones for the same price. On one there was a gain of 10% and on the other a loss of 10%. What is the overall result?
- 1% loss
- 1% gain
- 2% loss
- No profit, no loss
Show solution
- Loss % = x²/100 = 100/100 = 1%.
- This is always a loss, whatever the selling price.
Answer: 1% loss