Question

Sonam sold two cars for nu. 55055 each. one has gained him 16% while the other made him loss 16%. how much does he loss or gain in whole transaction? ​

Answer 1

Answer: Total Loss or Gain = $0

Explanation:

Gain: $55,055 (1 + 0.16)

= $55,055 (1.16)

= $63,863.80

Profit = $8,808.80

Loss: $55,055 (1 - 0.16)

= $55,055 (0.84)

= $46,246.20

Loss = -$8,808.80

Profit + Loss

= $8,808.80 - $8,808.80

= 0