QQuestion DetailMCQ
A trader sells two blankets for equal selling prices. On one he makes 10% profit and on the other 10% loss. What is the net loss percentage?
A1.0% Loss
B3.0% Loss
C0% Loss
D2.0% Loss
Answer
3.0% Loss
When gain% and loss% are equal and SP is same, Net Loss% = (x/10)^2. Here x=10. Net Loss = (10/10)^2 = 1.0%.
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