A fruit seller buys equal numbers of fruits at $11$ for Rs $10$ and $9$ for Rs $10$, and sells all at Re $1$ each. The result is:

Question

A fruit seller buys equal numbers of fruits at $11$ for Rs $10$ and $9$ for Rs $10$, and sells all at Re $1$ each. The result is:

Option A

1% gain

Option B — Correct answer

1% loss

Correct choice.

Option C

2% gain

Option D

2% loss

Explanation

Take $99$ fruits of each kind. Total fruits $=198$. Cost $=90+110=200$, selling price $=198$, so there is a $1\%$ loss.

Chapter Mock 4: Profit and Loss