Given:
Selling price of both cycles = Rs. 1125 each
Gain on the first cycle = 11%
Loss on the second cycle = 11%
Formula Used:
When a person sells two items at the same price, with one at a gain and the other at a loss of the same percentage, there is always a loss.
The formula for the loss percentage in this case is:
Solution:
Substitute the values:
Thus, the man incurs a loss of 1.21% on the overall transaction.
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