A person sell two horses for rupees 480 each On the first horse he gains 25 percent and on the secon...........

Quant (SSC) Profit and loss

A person sell two horses for rupees 480 each. On the first horse he gains 25 percent and on the second horse he losses 25 percent. Find the percent gain or loss in the transaction.

loss 6.75%

gain 6.75%

loss 6.25%

gain 6.25%

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Explanation:

When same quantity is sell at same price and percent gain and loss is same then there is always loss occurred.
To calculate the loss percent = ((common loss or gain)/10)^2
i.e. (25/10)^2 = 6.25% loss