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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
  • a)
    he makes no profit and no loss.
  • b)
    he makes a profit of 1%.
  • c)
    he suffers a loss of 1%.
  • d)
    he suffers a loss of 2%
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If Sohan, while selling two goats at the same price, makes a profit of...
Let cost of 1st goat be Rs. 100. Then its selling price = 110 = selling price of goat 2. But he suffers loss of 10% on goat 2 which means cost of goat 2 = 110/.9 = 122.22 Total cost = 222.22, total selling price = 220. Means loss of ~1%.
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Most Upvoted Answer
If Sohan, while selling two goats at the same price, makes a profit of...
Profit and Loss Calculation

- Sohan sells two goats at the same price.
- He makes a profit of 10% on one goat.
- He suffers a loss of 10% on the other goat.

Let's assume that the cost price of each goat is Rs. 100.

Profit Calculation

- Profit on the first goat = 10% of Rs. 100 = Rs. 10
- Selling price of the first goat = cost price + profit = Rs. 100 + Rs. 10 = Rs. 110

Loss Calculation

- Loss on the second goat = 10% of Rs. 100 = Rs. 10
- Selling price of the second goat = cost price - loss = Rs. 100 - Rs. 10 = Rs. 90

Total Profit and Loss

- Total cost price = Rs. 100 + Rs. 100 = Rs. 200
- Total selling price = Rs. 110 + Rs. 90 = Rs. 200
- Total profit/loss = selling price - cost price = Rs. 200 - Rs. 200 = Rs. 0

Therefore, Sohan makes no profit and no loss.

Answer

The correct answer is option 'A' - he makes no profit and no loss.
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