Alam sold two vehicles for Tk. 46000 each . If he gained 10% on the first and lost 10% on another , then what is his percentage profit or loss in this transaction?
A
2% loss
B
1% profit
C
1% loss
D
None of these
Correct Answer: 1% loss
Let the profit be X% & loss be Y%. So, net profit/loss % = X + ( - Y) + X.( - Y)/100 (Negative sign denotes that there is a loss.) = 10 + ( - 10) + 10.( - 10)/100 = - 1 (Negative sign denotes that there is a net loss.) So, the net loss percentage is 1%.