general math MCQ #49

A man sells two buffaloes for Rs.7,820 each. On one he gains 15% and on the other, he loses 15%. His total gain or loss in the transaction is:

general math MCQ #49

  1. Question 1

    Q1. A man sells two buffaloes for Rs.7,820 each. On one he gains 15% and on the other, he loses 15%. His total gain or loss in the transaction is:

    • A) 2.5% gain
    • B) 2.25% loss
    • C) 2% loss
    • D) 5% loss

    Answer: 2.25% loss

    Explanation: Selling equal amounts at equal but opposite profit/loss percentages always results in a net loss = (percentage²)/100 = (15²)/100 = 2.25% loss.