If Sohan, while selling two goats at the same price, makes a profit of 10% on one goat and suffers a loss of 1

Question

If Sohan, 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

Accepted Answer

When two articles are sold at the same selling price, and one is sold at a profit of x% and the other at a loss of x%, there is always a net loss. The percentage loss is calculated by the formula (x/10)^2 %.

In this case, x = 10% (profit on one goat, loss on the other).
Applying the formula:
Loss Percentage = (10/10)^2 % = (1)^2 % = 1%.

Therefore, Sohan suffers a loss of 1%.

Analyzing the options:
A) he makes no profit and no loss: This would only be true if the cost prices of both goats were the same, and then one was sold at a profit of 10% and the other at a loss of 10%. However, here the selling prices are the same, which means the cost prices must be different.
B) he makes a profit of 1%: This is incorrect, as there is always a loss in such scenarios.
C) he suffers a loss of 1%: This is correct based on the calculation.
D) he suffers a loss of 2%: This is incorrect.

Answer

he makes no profit and no loss

Answer

he makes a profit of 1%

Answer

he suffers a loss of 1%

Answer

he suffers a loss of 2% .

If Sohan, 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

Explanation

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